Hawkesbury District Independent June 2017 #85 - Page 30

business Legal issues for Seniorpreneurs Merana Aboriginal Community Association for the Hawkesbury Inc. Meeting the needs of Aboriginal people in the Hawkesbury by Katherine Hawes Digital Age Lawyers When most people retire, they leave their working days behind them. However, there is a new breed of retiree out there - the seniorpreneur. Retirees are now taking advantage of their new found free time to start, expand or change their own small business. When you decide to run a business in your later years, there are several legal issues that you should consider. Protecting your lifestyle The two most important documents for seniorpreneurs are the will and the power of attorney. A will is a legal document where you can set out who you want to inherit your assets and belongings when you pass away. Life is constantly changing, so it is important that you update your will as your life progresses. A power of attorney is another significant legal document that allows you to protect your lifestyle. As a seniorpreneur, you have invested your time and money into establishing a successful business. You should ensure that this business is protected while you are overseas on holiday or if you lose capacity. A power of attorney involves the appointment of an attorney to manage your financial and legal affairs. It expires when you die and can be revoked at any time, given that you still have mental capacity. A power of attorney is very useful for a seniorpreneur who intends to travel as it allows your attorney to access bank accounts and make payments as required by the business. Contracts When you are building a business, it is essential to ensure that your contracts are legal. If you run an online business, it is important that you have several other legal documents published on your website. These include a privacy policy which advises visitors on how and why personal information is collected and stored, a cookie policy advising visitors of the use of cookies and website terms of use that visitors will automatically agree to if they use the website. These documents will ensure that your business can thrive without the danger of claims for liability. If you have any further questions, please don’t hesitate to contact Digital Age Lawyers on 02 8858 3211. Making a positive difference to children, youth & families MY AGE CARE KURIGARANG SERVICE GNORANG PLAYGROUP The My Age Care Service is designed to assist Aboriginal people to live in their own homes and be independent as long as possible. Supported playgroup available to families with children aged 0-5 years. Mondays & Wednesdays 9.30am - 11.30am during school terms Call for more information on how Merana can help to support you or your loved ones. Phone 4588 5144 20 West Market Street, Richmond (Behind the grandstand, Richmond Oval) Monday - Friday: 9.30am – 4:30pm E: admin@merana.org.au F: 02 4588 6366 SEEKING VOLUNTEERS! All of Merena’s services operate with the support of community volunteers. If you can volunteer, please contact us. 30 ISSUE 85 // JUNE 2017 Hawkesbury Small Business Week will run from Monday, 5 June to Friday, 9 June 2017. As part of this, Hawkesbury City Council will host workshops to help businesses improve their skills in running a business. The Mayor of Hawkesbury, Councillor Mary Lyons-Buckett encourages local business to get involved. “Local business is a vital contributor to our Hawkesbury community and economy,” the Mayor said. “Local business owners, employers and employees are welcome to attend.” Business skills workshops will be provided by program partners Western Sydney Business Centre and the Australian Tax Office. Workshops will include Marketing and Sales Planning, How to Sell Your Services, Social Media 101 for Small Business, and Taxation Essentials. Visit http://www.hawkesbury. nsw.gov.au/news-and-events/events/ upcoming-events/hawkesbury- business-week to download the program. To reserve a place at a workshop or for further information, please call Strategic Planner Fiona Mann on 4560 4579 or email fiona.mann@ hawkesbury.nsw.gov.au www.hdinews.com.au THE hawkesbury INDEPENDENT