According to the Australian Bureau of Statistics, approximately 96% of operating businesses in Australia as at June 2013 were 'small' businesses.
There are different criteria adopted by government agencies as to what constitutes a 'small' business, but most rely on the number of employees employed. The Australian Bureau of Statistics definition is a business, unincorporated firm or incorporated firm that has fewer than 20 employees. In 2011, almost half of all employees in Australia were employed by small businesses.
Southern Legal is experienced in assisting clients in the buying and selling of existing small businesses and the preparation and transfer of commercial and retail leases, or the conveyance of commercial freehold premises.
For further information, please contact us to discuss your needs.