Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
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1. Business Restructuring
There are a range of reasonsthatbusinessownersmayneedtoconsiderre-structuringtheirbusiness.If:
Your businessisexperiencingcashflowproblems;you’re findingithardto remainwithinyouroverdraft
limit;yourbank ismakingdemands;you have inheritedcompanyliabilitiesasaresultof personal
guaranteesprovided;you are unable tomake paymentstothe ATO on time.
Thenyou mayneedto lookat restructuringyourbusinessasamethodof gettingitback on itsfeetand
headinginthe rightdirection.
Carryingout a comprehensive,independentoverview of the business,if itreallyisdeemedinwhich
restructuringisa practicable optionthe nexttaskisto establishwhichspecificrestructuringcomponents
bestsuitthe average person'ssituation.Some possible optionsinclude thingslikerestructuringthe
company,the removal of manydivisions/assetswhichcanbe notcarriedout well aswell aspossible re-
financing.
The range of areas that a businessrestructures canaffectreachfarand wide.Suchareascan include
control of the business,stampduty,assetprotectionplanningstampduty,income tax,GST,landtax,
payroll tax,estate planningandsuccessionissues.Depending onthe individualsituationthiscanhave
eitherbe a positive oranegative effect.
It issaid there are twotypesof expertise thatare requiredinordertoimplementasuccessful
restructure,contemporaryandtraditional. Knowledge of traditional legalandaccountingpracticesis
necessaryinorderto addressareassuch as taxation,the rightsandsharesof ownersandthe ownership
of varioustypesof assets.
Additionally,anup-to-date,workingknowledgeof the modernbusinessarenaisneededtoaidthe
developmentof modernbusinessmodels,aswell astoimprove workflow managementandonline
businessandleveragewiththirdparties.
As hasbeendemonstrated,there are manyissuestobe aware of whenlookingtorestructure a
business,whichiswhyitisextremelyimportanttoenlistthe helpof professionallawyersand
accountants.
Our website isusuallyanintegrated,authorized,accountinginadditiontofinancial settinguppractice
providingexpertadvice toassistyoutoachieve yourbusinessandindividual goals.We're committedin
orderto buildlong-lastingrelationshipswiththe clientsbygivingsuperiorservice inatimely.Formore
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