We are here to help you get
on with your business
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Each year in Australia it becomes more complicated and stressful to operate a small business as the financial requirements of having to compete in relatively small market combine with a cumbersome legislative reporting regime. The Commercial Practice has been established with the sole purpose of helping directors navigate this path and avoid the speed bumps, as well as guide you out of any difficult situations you may already face.
When a business fails in Australia, there are often personal trade guarantees and various rights of action by liquidators and statutory authorities that will impose personal liability upon the directors for their companies debt. The paramount objective for The Commercial Practice is always the protection of the directors and their personal assets such as the family home, which is the foundation for the broader strategy to secure the business assets and goodwill. In our experience, often company directors can find themselves on the brink of insolvency without having understood how it occurred or what could have been done to prevent it, let alone what remedies are available for the protection and longevity of the themselves and the business. The Commercial Practice understands that when a business reaches this stage it requires specialized assistance from an advisor that has experience and understanding in all available options for recovery, and importantly we work solely in the directors interests as opposed to other professionals your current advisors might be recommending or seeking advice from. |
Most company directors are skilled technicians in their field who have relied on external advisors to meet statutory compliance and maintain reasonable commercial credit policies and procedures, however sometimes that just doesn’t work out creating solvency issues and director personal liability exposures that you weren’t even made aware of. If you have fallen into this predicament then we will bring you out of it with the best possible result for you and your family, as well as provide a second chance at success along with some guidance on how to achieve it.
In short we become your advocate and resolve these problems by dealing with all the parties that are causing this immediate pressure and panic so that you can “get on with your business”, and finally see it become what you envisaged all those years ago. In most cases, once we have agreed on your recovery strategy, our alliance partners will even provide your business with the funding to execute the process and relieve any immediate pressures. Call The Commercial Practice now and have a chat with someone who understands what you’re going through and what options are available to resolve it. |