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Innovative law for a changing world.

12/10/2026

WHY ARE AUSTRALIAN BUSINESS PARTNERSHIPS DISAPPEARING?

The traditional business partnership has been in decline for more than two decades.

According to the Australian Bureau of Statistics, the number of active partnerships fell by another 4.2% in 2025–26 - a net reduction of 8,682 businesses.

Meanwhile, the number of companies increased by 5.2%, adding 63,373 businesses.

This is more than a one-year trend. ABS data shows that partnership numbers have not recorded an annual increase since 2002.

The contrast raises an important question: is the traditional partnership structure still suited to the demands of modern business?

For business owners, corporate structures can offer advantages, including clearer separation between business liabilities and personal assets, greater flexibility in ownership arrangements, and opportunities to attract equity investment.

But entity structure is far more than an administrative choice. It influences asset protection, taxation, succession planning and the way commercial risks are managed.

As an enterprise grows, the structure that worked at the beginning may no longer provide the flexibility or protection its operations require.

Your business may have evolved. Has its legal structure kept pace?

GLG Legal Brisbane advises business owners on business structuring, corporate governance and strategic commercial law.

Source: Australian Bureau of Statistics.

06/10/2026

HIGH ENTRY RATES VS. MARGIN PRESSURES IN CONSTRUCTION

The Australian construction sector continues to attract significant business activity.
In 2024–25, 76,414 new construction businesses entered the market - the highest number of any Australian industry.

But high entry rates do not automatically translate into long-term stability.

New businesses are entering a sector already operating under significant cost and competitive pressures, including:
📈 Construction wages and salaries rose 1.4% in the June 2026 quarter
⚠️ Competition continues for limited resources, including labour, concrete and copper
🏗️ Building construction output prices rose 1.4% over the quarter and 4.9% over the year

For developers and contractors, these conditions make commercial risk management increasingly important. When margins tighten, unclear responsibilities, poorly allocated risk and contractual disputes can become significantly more costly.

Three areas deserve particular attention:
1️⃣ Planning and environmental approvals - understanding regulatory requirements before they become project delays.
2️⃣ Subcontractor agreements - clearly defining scope, payment obligations, responsibilities and risk allocation.
3️⃣ Body corporate structures - establishing appropriate governance and decision-making frameworks.

Strong legal foundations cannot remove commercial risk, but they can help businesses identify, allocate and manage it more effectively.

⚖️ GLG Legal Brisbane supports developers, contractors and body corporates across property and development matters, including commercial agreements, disputes and project-related risk.

Source: Australian Bureau of Statistics.

29/09/2026

WHY 3 YEARS IS A CRITICAL MILESTONE FOR AUSTRALIAN BUSINESSES

Australian Bureau of Statistics data tracking businesses that entered the market in 2021–22 reveals a striking divide in three-year survival based on one factor - headcount:
🔹 Businesses with employees: 61% three-year survival rate
🔸 Businesses with no employees: 43.3% three-year survival rate

That is a 17.7 percentage point gap.

The difference points to an interesting operational reality.

Businesses that employ staff are required to introduce greater structure as they grow - from documented processes and workplace policies to payroll, employment obligations and more disciplined corporate governance.

Employing staff introduces greater legal and compliance complexity, including modern award requirements, workplace policies and Fair Work obligations. But managing that complexity can also push a business towards stronger systems and greater operational discipline.

As a business grows, so does its exposure to contractual, employment, governance and commercial risk.

A well-designed legal framework helps manage those risks before they become barriers to further growth.

Is your business structurally prepared for its next growth phase?

⚖️ GLG Legal Brisbane advises business owners on business structuring, corporate governance and strategic commercial law to support sustainable growth and long-term enterprise resilience.

Source: Australian Bureau of Statistics.

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18/09/2026

Buying a business can be an exciting opportunity - the chance to be your own boss, do work you enjoy and build something successful. However, buying an established business also involves financial, commercial and legal risks. Failing to properly investigate what you are purchasing can create problems long after the transaction is complete.

Whether you are buying a business for the first time or regularly undertake business transactions, careful preparation can significantly reduce unnecessary risk. The team at GLG Legal can assist with due diligence, business sale agreements, commercial contracts and other legal considerations involved in buying a business.

If you are considering buying a small business, there are five common mistakes to avoid. Find out through this article: https://www.glglegal.com.au/2026/08/top-5-mistakes-made-when-buying-a-business/

10/09/2026

When selling property in Queensland, there are several legal obligations you must abide by. And for buyers, it’s important to know what you’re entitled to from the seller, and to know the difference between non-disclosure and misrepresentation.

As of August 2025, anyone in Queensland selling a property must provide a disclosure statement, including a range of information from tenancy to land use.

As a buyer, it’s vital for you to organise thorough inspections before buying any property and be prepared to engage in open communication with the seller. Even unintentional misrepresentations can lead to disputes if they cause harm to the buyer, so if you’re selling a property, and you’re uncertain about your obligations, expert legal advice is a must. The team at GLG Legal are here to help you with every aspect of buying and selling property in Queensland.

Starting learning about the obligations by reading the article in full through this link: https://www.glglegal.com.au/2026/08/non-disclosure-and-misrepresentation-obligations-for-sellers/

01/09/2026

The three-year survival rate

30.3% of Australian businesses entered or exited the market in a single year.

More than 807,000 Australian businesses either entered or exited the market in the recent financial year — equivalent to 30.3% of the active business population.

At the same time, only around 48% of new businesses remain operating beyond three years.

That means if 100 businesses start today, approximately 52 may no longer be trading within three years.

Together, these figures highlight just how dynamic — and competitive — the Australian business environment can be.

Starting a business is one challenge. Building one that can withstand changing conditions and remain viable over time is another.

Commercial longevity depends on more than a viable product or service. Business structure, clear ownership arrangements, commercial contracts, lease terms, succession planning and proactive risk management can all influence how effectively a business responds to change.

In a market where businesses are constantly entering and exiting, getting the foundations right from the outset can put an organisation in a stronger position to grow, adapt and endure.

Starting a business takes ambition. Building one to last takes preparation.

Source: Australian Bureau of Statistics.

21/08/2026

We are delighted to welcome Alexander Jenkins to the GLG Legal team as a Solicitor in our Brisbane Conveyancing Team.

Alex joins us with a passion for helping clients navigate their property matters with confidence and clarity. We are excited to have him on board and look forward to the knowledge, enthusiasm, and dedication he will bring to our team.

Welcome to the team!

17/08/2026

What Does Corporate Advisory Actually Involve?

When people think of Corporate Advisory, they often think of contracts.
In reality, the legal work usually begins long before any document is signed.
Large business transactions rarely involve just one legal issue. They often require multiple workstreams to progress simultaneously, with each decision influencing the next.

Our recent work advising Austral Resources Australia Ltd is one example.
The transaction involved legal advice across:
• Multi-party debt restructuring
• Mergers and acquisitions (M&A)
• Secured lending
• Commercial contracts
• Equity capital markets
• ASX compliance
None of these areas operates in isolation.

Changes to financing may affect commercial agreements. Corporate restructuring can influence governance obligations. Capital raising requires careful regulatory compliance. Every workstream must support the broader commercial objective.

That is what Corporate Advisory is really about - bringing together multiple legal disciplines to help businesses navigate complex commercial decisions with confidence.

Read more about the Austral Resources transaction via the link in our bio

04/08/2026

A warm welcome to our newest team member.

We are pleased to welcome Jamie-Lee Davison to GLG Legal Brisbane as a Solicitor in our Estate Disputes team.

Every new addition strengthens the knowledge, capability and teamwork that define our firm. As we continue to grow, we remain focused on providing trusted legal advice and practical solutions for our clients.

Welcome to the team!

27/07/2026

Following their reinstatement to trading on the Australian Securities Exchange in November 2025, Austral Resources Australia Limited experienced financial and operational transformations with the legal advice from GLG Legal.

The corporate advisory team, led by Managing Director Michael Hansel and supported by Practice Leader Roland Leong and Graduate Solicitor Josiah Hall, was engaged to provide legal expertise covering multi-party debt restructuring, M&A, secured lending, commercial contracts, equity capital markets and ASX compliance — culminating in Austral's reinstatement to the ASX Official List in November 2025 and the company's emergence as a dual-hub copper producer in north-west Queensland.

To read the full transaction program, you can find the link to the article here: https://www.glglegal.com.au/2026/07/glg-legal-advises-austral-resources-australia-ltd-on-restructuring-recapitalisation-and-regional-consolidation/

Address

Level 25, 240 Queen Street
Brisbane, QLD
4000

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Telephone

+61731619555

Website

https://www.glglegal.com.au/

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