• Commercial Law

    Commercial Law

    We are business people as much as we are lawyers. We will take care of the legal documents so you can confidently run your business.
    As your business grows, its risk profile and governance challenges will change. We partner with our clients over the long term to ensure they are in the driver’s seat for success.

  • Dispute Resolution

    Dispute Resolution

    We are in your corner when the going gets tough. Having resolved over 6,500 disputes for business owners have seen it all before.

    Whether you need a skilled negotiator or a fearless litigator, we specialise in delivering commercial results when:

    Customers refuse to pay;
    Suppliers let you down; and
    Business Partners do the wrong thing.

  • Employment & Safety

    Employment & Safety

    The biggest challenge for any business owner, is managing their employees.

    A difficult employee can make you question why you got into business in the first place and be toxic to your team morale.

    We deliver proactive solutions to manage your team via employment contracts, policies and procedures as well as handling employment disputes when they arise.

  • Property & Construction

    Property & Construction

    Property is the key most wealth in Australia.  Whether you are buying, selling, leasing or developing property, you need a lawyer you can count on.

    We can advise on the whole property development process from obtaining finance to development approvals, construction and sale or leasing.

    We also act for the Master Builders Victoria and have extensive expertise in construction contracts and disputes.

  • Family Law

    Family Law

    At Taurus Legal Management we understand the unique challenges clients encounter during family disputes, especially when children are involved. Our family lawyers specialise in handling high-asset cases with a focus on protecting clients wealth, securing their family’s future, and safeguarding the best interests of their children.


Business Health Check

Business is about maximising opportunities and controlling risk.

While entrepreneurs often focus on opportunities and mature businesses focus on controlling risk, the two issues are inseparable.

Whether informally or formally, all business owners have a strategy to get the most out of their business and avoid risks. We recommend all business owners take the time to set out that strategy in writing and review it regularly.

This article expands of our video on “business health checks” where we explain how we can assist business owners get more out of their businesses. Below are some tips on the kind of legal risks that should be considered as part of an overall business strategy.

Terms and conditions

The relationship with customers is perhaps the key opportunity and key risk of any business. The process of finding and assessing appropriate customers as well as the terms and conditions of supply are critical.

Businesses should carefully consider who they are selling to, if they will be paid on time and if the margin is appropriate. The terms and conditions of supply should always be in writing and include terms regarding price, payment, default, warranties, cancellation, limitation of liability, recovery costs and legal compliance.

Business structure

However your business is structured, (company, trust, partnership etc), you should have an agreement in place that regulates the relationship between the owners. For example, a company with multiple shareholders should have a written shareholder agreement which includes clauses relating to how decisions are made, how profits are distributed, how a shareholder may be replaced, how shares should be valued and how any deadlock may be resolved.

Having a written agreement gives the owners alignment and clarity around their role, obligations and entitlements and make it easier to raise capital. In the event of a dispute, the agreement will also provide a roadmap to resolution.

Employment agreements

A key risk of any business is its relationship with its people. The recent media coverage shows the serious consequences of breaking the Fair Work Act 2009 (Cth). But even beyond pay and entitlements, owners should consider how important information such as customer or product information are protected. Similarly, the employment contract should prevent employees from taking customers with them when they leave the business.

Intellectual property

Often the most valuable asset of a business is its brand. However, many businesses have not registered that brand via a trademark. Registering a business name with ASIC does not stop your competitors from using the same or a similar name. A registered trademark does.


Taurus Legal Management are specialists in business risk assessments and can help you with your business health check up. Please do not hesitate to contact any member of the Taurus Legal Management team on (03) 9481 2000 or info@tauruslawyers.com.au.

Posted by Taurus Legal Management