What Does ‘Strike-Off Action in Progress’ Mean?

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

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

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....
Should I Deregister or Liquidate a Company?

Should I Deregister or Liquidate a Company?

There are plenty of legitimate reasons to wind up your business. If the company has been sold, reached the end of its life, or if your priorities have changed, it may be time to deregister the company and streamline your responsibilities. There are several options...
Declaring Bankruptcy Pros and Cons

Declaring Bankruptcy Pros and Cons

Australia’s insolvency regulations are designed to make it easier to manage your financial difficulties. If you’re struggling to repay your debts, there are a number of options available that can help you find relief from creditors. Among those options is bankruptcy....