Our Comprehensive Guide to ATO Tax Debts
The Australian Tax Office (ATO) is a company’s most powerful creditor. While tax debts are technically ‘unsecured,’ the legislative power of the ATO means it has the ability to recover outstanding debts ahead of other creditors. Company tax debts can be very large in...
What Does ‘Strike-Off Action in Progress’ Mean?
The Australian Securities and Investments Commission (ASIC) oversees every corporate entity in the country. ASIC maintains a register that all companies and organisations are required to be a part of. Oversight from ASIC ensures that companies and their directors are...
Director Personal Liability for Company Debts
Acting as the director of a company is a serious responsibility. You have a duty to act in the best interests of the company and its shareholders, but this isn’t always simple. When things go wrong, directors may be held personally liable for certain types of company...
The Advantages of Debt Financing for Your Business
There are many ways to grow a business, and almost all of them require you to spend money. Raising capital as a business owner is a balancing act. While there are several ways you can raise the money you need, debt and equity financing are the two most common options....
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