Griffin Hancock and Moffitt prides itself on its close association with various professional firms and organisations in order to ensure our clients receive the best advice, information and services possible in this area.
Incorporating the business as a PTY LTD can protect personal assets by separating business liabilities from personal liabilities. Advice in regards to structuring your business correctly from inception is always paramount.
Purchasing insurance can protect against potential losses and lawsuits, such as property damage, liability, and business interruption insurance.
Establishing contracts and legally binding agreements clearly outlines expectations and responsibilities, reducing the risk of misunderstandings and disputes.
Implementing strong cybersecurity measures, such as using secure passwords, anti-virus software, and regularly updating systems, can protect sensitive information and prevent data breaches.
Regularly backing up important data and storing it offsite protects against loss or damage from natural disasters, human error, and cyber-attacks.
Having a disaster recovery plan in place outlines steps to quickly resume business operations in the event of an unexpected interruption, such as a fire or flood.
Maintaining accurate and up-to-date financial records helps detect and prevent fraud and makes it easier to track the health of the business.
Protecting physical assets with security measures, such as locks and cameras, deters theft and vandalism.
Conducting background checks on new employees and contractors can reduce the risk of theft, fraud, or other unethical behaviour.
Staying informed and updated on industry regulations and laws helps ensure compliance and reduces the risk of fines or legal action. This can be achieved through attending seminars, reading industry publications, and consulting with lawyers or industry experts.