Australia’s Small Business Restructuring (SBR) scheme aims to assist small businesses that are struggling financially, and enable them to continue to operate. The SBR gives businesses breathing space while a Small Business Restructure Practitioner renegotiates historical debts with the business’ creditors, when those debts are...
When small business owners find themselves in a situation where debt appears insurmountable, they may consider ending their business. Whilst in some circumstances, a business may not be viable in the future, in other cases, a small business may be able to take advantage of...
As any small business owner knows, running a business is a dynamic process. There’s so much going on daily and you’re dealing with the minutiae of running a business, that it can be easy to miss those bigger signs your business is in trouble. But...
We advised on the Small Business Restructure of a hospitality business that our client purchased in 2009 from family members on their retirement. The COVID pandemic adversely impacted the business due to restrictions placed on trade, which in turn saw the business experience a significant...
Our client operated as a hotel/pub with approximately 20 employees when it came to us for help with a Small Business Restructure. The hotel is situated in a regional city in NSW that relies heavily on the local university students attending the venue, in particular,...
We recently completed Small Business Restructures for two related concreting businesses with a common director and one with an extra related shareholder. The majority of the debt for both businesses was with the ATO. Debt Small Business A carried a tax debt of $274,274 as well as...
We advised on the small business restructure of a gymnasium business resulting in a significant level of debt reduction. In mid-2021, our client began operating as a gym, providing programs scientifically designed by world-leading Exercise Scientist Brodie Hicks. The gym is membership based and provides regular...
Our client for this Small Business Restructure was an aboriginal-owned social enterprise connecting Indigenous Culture, Country, Community, the Self and the Sacred that transitioned from a sole trader to a Company in 2019. The business is determined to break down cultural barriers, address intergenerational trauma and...
