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When you become a director, your obligations change. You owe duties to: - The company - Shareholders - Creditors (in cer...
27/05/2026

When you become a director, your obligations change.
You owe duties to:

- The company
- Shareholders
- Creditors (in certain circumstances)

Rapid growth increases exposure.

Ignoring governance while scaling can convert commercial mistakes into personal liability.
Growth exposes structural gaps.

If you’re stepping into a director role, Thursday Legal can help you understand and structure your obligations properly.

Thursday Legal | modern legal solutions that deliver tangible results.

When someone leaves the business, one definition can change everything: are they a good leaver or a bad leaver?Good leav...
19/05/2026

When someone leaves the business, one definition can change everything: are they a good leaver or a bad leaver?

Good leaver: Resigns for valid reasons, illness, agreed exit.
Bad leaver: Resigns to compete, breaches duties, misconduct.

The share treatment differs dramatically.
Without clear definitions, exits become expensive negotiations.

Growth businesses should define departure before departure happens.
If you’re scaling your team, Thursday Legal can help structure leaver provisions before they’re needed.

Thursday Legal | modern legal solutions that deliver tangible results.

Buyers prefer asset sales. Sellers often prefer share sales. Asset sale: Buyer cherry-picks assets, avoids historic liab...
13/05/2026

Buyers prefer asset sales.
Sellers often prefer share sales.

Asset sale: Buyer cherry-picks assets, avoids historic liabilities.
Share sale: Buyer inherits the entire entity.

Tax, risk allocation, warranties and indemnities all differ.

Transaction structure determines risk distribution.
It should not be decided at the 11th hour.

If you’re negotiating a transaction, Thursday Legal can help you structure the deal before terms are locked in.

Thursday Legal | modern legal solutions that deliver tangible results.

Due diligence is not just a document review. It uncovers: - Undocumented IP ownership - Employee entitlement exposure - ...
07/05/2026

Due diligence is not just a document review.
It uncovers:

- Undocumented IP ownership
- Employee entitlement exposure
- Tax irregularities
- Personal guarantees
- Contract gaps

The deal is agreed in principle.
The risk lives in the paperwork.

Preparing 2-3 years before sale creates negotiating leverage.

If you’re planning an exit, Thursday Legal can help you prepare your structure well before the transaction begins.

Thursday Legal | modern legal solutions that deliver tangible results.

Equity should reward contribution, not proximity. Without vesting: A co-founder who leaves in year one may still own 30%...
23/04/2026

Equity should reward contribution, not proximity.

Without vesting: A co-founder who leaves in year one may still own 30%.
With vesting: Ownership aligns with long-term commitment.

Cliff periods protect early-stage risk.

These mechanics aren’t aggressive.
They’re protective.

Structure protects relationships.

If you’re structuring founder or employee equity, Thursday Legal can help design vesting arrangements aligned with growth.

Thursday Legal | modern legal solutions that deliver tangible results.

“I’ll give you equity later.” One of the most common early-stage promises. And one of the most litigated. When: - Expect...
16/04/2026

“I’ll give you equity later.”
One of the most common early-stage promises.

And one of the most litigated.
When:

- Expectations differ
- The business grows
- Value increases

Verbal promises become contested memories.
Clarity early prevents conflict later.

If you’re incentivising early team members, Thursday Legal can help you document equity properly from day one.

Thursday Legal | modern legal solutions that deliver tangible results.

Handshake agreements work.Until they don’t.Most founders do the same thing early:Incorporate fast.Split shares.Skip the ...
07/04/2026

Handshake agreements work.
Until they don’t.

Most founders do the same thing early:

Incorporate fast.
Split shares.
Skip the shareholder agreement.

It feels easy because everyone is aligned.
But growth changes people.

Risk appetite shifts.
Time commitment changes.
Exit goals stop matching.

And this is where structure matters.

A shareholder agreement doesn’t just “formalise things.”
It defines:

- Who makes decisions
- What happens if someone wants out
- How shares can be sold or diluted
- What happens when things go wrong

Without that clarity, small tension turns into real disputes.

Equity is emotional.
Structure keeps it commercial.

If you’re building with partners, Thursday Legal can help you formalise the arrangement before growth puts it under strain.

Thursday Legal | modern legal solutions that deliver tangible results.

Wishing our clients, partners, and colleagues a wonderful Easter filled with rest, renewal, and time well spent.
02/04/2026

Wishing our clients, partners, and colleagues a wonderful Easter filled with rest, renewal, and time well spent.

SAFE. Convertible Note. Equity round. They are not interchangeable. Each affects: - Control - Timing - Investor rights -...
23/03/2026

SAFE.
Convertible Note.
Equity round.

They are not interchangeable.
Each affects:

- Control
- Timing
- Investor rights
- Downside protection
- Future negotiation leverage

Choosing the wrong instrument can create friction in your next raise.
Legal structure should align with growth strategy, not just speed.

If you’re weighing funding options, Thursday Legal can help you select the right instrument for your stage of growth.

Thursday Legal | modern legal solutions that deliver tangible results.

Dilution sounds small.“Only 20%.”Until you raise twice.Founder starts with 100%.Raises 20%. Founder now owns 80%.Raises ...
16/03/2026

Dilution sounds small.
“Only 20%.”

Until you raise twice.

Founder starts with 100%.
Raises 20%. Founder now owns 80%.

Raises another 20%.

Founder now owns 64%.

Cap table now looks like:

Founder: 64%
Investor A: 16%
Investor B: 20%

That’s before ESOP.

Ownership compounds downwards.

Many founders don’t model dilution scenarios before signing.
Control erosion is rarely sudden.
It’s gradual.

If you’re considering raising capital, Thursday Legal can help you model and structure your raise before ownership compounds away.

Thursday Legal | modern legal solutions that deliver tangible results.

Address

Melbourne, VIC
3000

Opening Hours

Monday 8:30am - 6pm
Tuesday 8:30am - 6pm
Wednesday 8:30am - 6pm
Thursday 8:30am - 6pm
Friday 8:30am - 6pm
Saturday 8:30am - 6pm
Sunday 8:30am - 6pm

Telephone

+61405311610

Website

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