My tenant of 3 years moved out two weeks ago and has been hounding me to repay her deposit. The problem is, I went to check on the property a few days after she moved out and found it in a state! Between my gardening costs, cleaning costs and handyman expenses I’ve had to outlay…
No creditor likes having to deal with a defaulting debtor. Matters become even more interesting when said debtor goes into business rescue. In such instances the creditor’s avenues of recourse become rather limited by the Companies Act – because a creditor is unable to sue its debtor while their debtor is in business rescue. What’s…
I am a minority shareholder in a company. A few years ago the company took out a loan and all the shareholders were practically forced to sign personal suretyships with the bank. I wasn’t happy with this because my share of the company is so small. Lately the company has gone through a dip in…
Here’s a scenario that many a landlord knows only too well. Your faithful tenant of several years has finally decided to move on to greener pastures. You’re a tad dismayed at the news. Finding a tenant who pays their rental on time, in full, every month is no easy feat. But you comfort yourself in…
I own two companies. The one company owns all the intellectual property in a whole lot of training books and material that I’ve developed over the years. Through my other company, I sold some software licenses to a guy who’s a motivational speaker. He wanted to make extra money on the side by selling some…
There are many businesses that operate as a group of companies, using multiple business entities. There’re several reasons for this, including legal risk containment, acquisition strategies, creative accounting, the curious growth path of the business, or for other reasons lost in time. Whatever the reason, doing business across multiple entities generally concerns no-one except the…
I caught a staff member stealing money from the till. I caught him red-handed and told him that I won’t lay criminal charges against him but he’s fired and must leave immediately. He got a bit of a fright and left the shop immediately. The next day he came back and told me that he…
Most employers have encountered the curious phenomenon of the mysteriously absent employee. They’re not at their station at 8 am. By midday, you’ve left multiple calls on their voicemail. And to get through the day you’re forced to shuffle your staff around to pick up the slack. But when this happens the next day, and…
With Spring having sprung, parents everywhere can finally look forward to spending their warm, sunny Saturdays cheering their children on in their chosen sporting events. Seated on the side of the school field, bums in camping chairs, feet on the cooler box, the worst that can happen is hitting a six through a classroom window,…
Three years ago I did some building work as a subcontractor for a sizable building company. The work I did was a small component of a larger business complex. Every time I asked the building company for payment they said that they’ll pay me when their client pays them. This was one of those projects…
