by Natalie Macdonald-Spence It is an exciting venture to purchase an existing business. Businesses go on sale for various reasons- perhaps the owner is emigrating, retiring or just moving on to other projects. Here are some points (amongst others) to consider before signing on the dotted line. The business Naturally, one needs to be aware of the the ins-and-outs of the business you are considering purchasing. To do this, it is advisable to undertake a comprehensive due-dilige

We've received a couple of queries on whether a body corporate is entitled to waive the requirement to have an AGM for the current year, in view of the current Covid19 pandemic as well as the prohibitions on gatherings. In some circumstances, it is possible, although it needs to be waived by all owners within one month prior to the end of the financial year. In most cases, this has already passed. In terms of the Prescribed Management Rules, the body corporate must hold an AG