After years of working to build your business from the ground up, the thought of losing it all because your personal finances are dire is a nightmare. It is still possible to keep trading as a sole trader if you are bankrupt or personally insolvent.
Topics: Bankruptcy, Director Advice, Business Debt
We get asked, "Can I loan money to my business?" Yes, but be careful. Here's how to loan your business money while reducing the risk to your wealth.
Topics: Director Advice, Business Debt, Loans Refinancing
Is your business struggling and are you considering members’ voluntary liquidation? Find out how any surplus cash flow boost will be treated for tax purposes.
Topics: Director Advice, Business Debt, turnaround, reduce business debt, business finance, common questions, business viability, small business finance, Insolvency, cash flow boost eligibility, ATO cash flow boost, NANE income, members voluntary liquidation
If your business is struggling with tax debt and the ATO hasn’t shown you debt forgiveness through an ATO payment arrangement, here are the options open to you.
Topics: Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, turnaround, reduce business debt, small business restructuring, business tax, business finance, common questions, small business finance, ATO payment plans
Need to raise quick working capital or refinance or your business? Your two options are debt financing or equity financing. Learn the pros and cons of each.
Topics: Director Advice, Turnaround & Restructuring, Business Debt, reduce business debt, small business restructuring, business finance, equity financing, small business finance, Insolvency, business funding, debt financing
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