Just after the celebration of the B Corp month during March, B Lab AANZ announced our Principal Lawyer, Fotini Kypraios, as the peer-appointed Chair of the inaugural B Council. The B Council is made up of eight business leaders representing the diverse range of industries and business sizes found in the B Corp community. These eight change-makers have spent the past 12 months laying the foundations … Continue reading B Council Announces Inaugural Chair; Fotini Kypraios »

Last month Prisma Legal completed its first #carbonfootprin assessment. Today we are joining a community of climate-conscious business leaders, taking responsibility for our carbon footprint, proudly announcing we are a carbon positive business. In preparation for the #BCorp month celebrations in March, we decided to take climate action by measuring and managing our carbon emissions. It was an opportunity to analyse our business’ impact on the planet … Continue reading Prisma Legal is leaving a positive Trace »

  Every business needs a Shareholder Agreement to govern the conduct, rights and responsibilities of shareholders and directors of a company. The best time to prepare one is before you need one! This agreement is akin to a pre-nuptial agreement for your business. If all goes well, you’ll never need to take it out of the drawer, however if matters turn south, it’s the first … Continue reading Why every business needs a Shareholder Agreement »

If you’re thinking about joining a Board to add to your skill set, build up your CV, give back to the community or join a business, there are some important things you should be aware of before you sign on the dotted line to become a company director. Legal duties apply to all companies. Being on the board of your own company is a very … Continue reading To be, or not to be, a company director »

There’s an old adage about the way a duck walks and quacks.. something similar applies to being a company director. When you act like the boss, the law treats you like one. Directors’ duties are legal obligations that apply to all company officers, irrespective of the size or nature of your company, whether or not you are paid to be a director or have even been … Continue reading Directors’ Duties: What You Do Defines You »

Congratulations on harnessing your entrepreneurial mojo and making the most exciting decision to start your own business. Having taken the plunge ourselves, we know what it’s like and we’re here to share some tips to help you along your way – some of which are not so ‘lawyery’! Seek advice early First up, speak to your accountant or financial advisor to obtain tailored and strategic … Continue reading Diving into Business: Startup Tips »

One of the great things to come out of the global pandemic was the legal industry needing to quickly adapt to the use of rapidly changing technology to streamline many things that were screaming out for a refresh, such the signing of legal documents. Thankfully, electronic signatures are now here to stay. In 2020 temporary amendments were made to the Corporations Act 2001 (Cth) about … Continue reading Sign Here! Electronic Signatures are here to stay »

Being a B Corp is a core part of Prisma Legal. Principal Lawyer and Founder, Fotini Kypraios,  shares why Prisma Legal pursued certification as well as advice for those considering certification or currently undertaking the process.  “B Corps are businesses that meet high standards of social and environmental performance, accountability, and transparency. Certified B Corps, envision a better economic system where businesses can benefit people, … Continue reading Prisma Legal on becoming a BCorp and Tips for certification »

We all know the statistics about the pending tsunami of baby boomer founded businesses needing to either transition to the next generation or otherwise find buyers in the coming decade. It’s coming like a freight train. So, how do you get your business ready for your exit? Do you want to literally exit or only hand over operational control? Will you hold on to the … Continue reading Business Succession: Find Your Collaborative Advisory Tribe »

For a document to be legally binding, it needs to be validly signed. Certain laws have been amended during the COVID-19 pandemic to provide for electronic signing of documents, including via audio-visual means, however the rules are not consistent and some of these changes have expired. The reality is that we are vulnerable to snap lockdowns, which means we can’t always sign documents in person. … Continue reading Sign Here.. »