Starting a business is not just about having an idea and ‘giving it a go’. It’s also about having the correct strategy, understanding obligations and ensuring the infrastructure is robust and sustainable. A business should ensure that its foundations are firm enough to withstand the diversity of economic demands.

A Compliance and Governance framework is key to ensuring that the business operates within a controlled and managed environment. From creating a Privacy Policy, to implementing an effective oversight of risk management or an integrated structure for internal controls; Corporate Compliance and Governance can set the ethical blueprint of a Business.

When constructing your Compliance and Governance framework, it is important to consider such things as the Company’s:

 -         Privacy Policy

-          Risk Management Process

-          Business Continuity Process

-          Financial Reporting (Internal and External)

-          Board of Directors and Director Responsibilities

-          Shareholder and Stakeholder Communication

-          Anti-Money Laundering and Counter Terrorist Financing Policy

Remember, your Compliance and Governance frameworks are about your business! They should reflect the culture, ethos and style of what your business is about; the above is just a sample of what a Business Owner’s should consider.

At Harbourside Legal, we have Commercial Lawyers that work with some of the leading SMEs in Australia. From constructing Employment Contracts for Restaurateurs to managing detailed and often complex Buy-Sell Agreements, our Commercial acumen has always been highly regarded.

 Making sure that your business has sound advice and guidance when implementing policies, procedures and reporting frameworks is paramount. A business will continue to expand and change; compliance and governance are the tools to maintaining organisational control and managerial behaviour. 

We offer fixed price services for most transactions and aim to have a fast 48 hour turnaround for our clients. Whether your starting a business or updating your policies our dedicated team can assist you throughout the whole process.

Contact us through our enquiry form or Phone 02 9262 3553.