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Showing posts from October, 2024

What is the Memorandum and Articles of Association when incorporating a company?

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  When embarking on the journey of business registration in Sri Lanka , entrepreneurs must familiarise themselves with two crucial documents: the Memorandum of Association (MOA) and the Articles of Association (AOA). These documents form the foundation of a company's legal existence and govern its operations.   Memorandum of Association The MOA is a fundamental document that outlines the company's relationship with external stakeholders. It serves as the company's constitution and defines its scope of activities. Key components of the MOA include: ·          Name Clause: Specifies the company's official name. ·          Registered Office Clause: States the location of the company's registered office. ·          Objects Clause: Describes the company's main objectives and activities. ·          Liability Cla...

Renting a Storage Unit vs Building a Shed: Which Option Suits You Best?

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  Having self-storage in Campbelltown is crucial for both personal and business use:   For Personal Use: ·          Space Management: Storage facilities help free up space in homes, allowing for a more organised living environment. ·          Protection of Belongings: They provide a secure location to store valuable items, reducing the risk of theft or damage. ·          Seasonal Storage: Items that are not used year-round, such as holiday decorations or seasonal clothing, can be stored away. ·          Life Transitions: During moves, renovations, or life changes (like downsizing), storage facilities offer a temporary solution to manage belongings. ·          Accessibility: Many facilities allow for easy access to stored items, like outdoor vehicle storage facilitie...

A four-day work week: Yes or no? What are the implications for employers and employees?

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  In recent years, the concept of a four-day work week has gained traction worldwide, with countries like New Zealand leading the charge in exploring this innovative approach to work-life balance. As the global job market evolves, including changes in NZ part time jobs and various sectors, the debate over shorter work weeks has intensified. This article examines the pros and cons of a four-day work week and its potential impacts on both employers and employees.   The rise of the four-day work week The traditional five-day, 40-hour work week has been the norm for decades. However, as society progresses and priorities shift, many are questioning whether this model is still the most effective. The idea of a four-day work week typically involves either compressing the same number of hours into fewer days or reducing total work hours while maintaining the same pay.   Several companies, including some recruitment agencies in NZ , have already implemented four-da...