blog
Tragic injury, economics and justice
Life is uncertain and involves risk. Some people like taking risks and some are more risk-averse. Some people are risk-averse in some areas of their life (e.g. financially conservative) yet take risks in others (politically active and participates in protests and...Recent Sale of Business
I was asked in mid-October to act for the owners of a registered training organisation (RTO) to assist with its sale. A basic term sheet had been signed with the buyer and they both wanted to complete before the end of the month. Due diligence was underway, but...Funding your global expansion
Many businesses, at some stage in their life, need funds from external sources. That is, their cash flow is insufficient to allow them to grow at the desired rate or to take a quantum leap into an entirely new level of operations or to expand globally. For any...Trading account guarantees are like zombies
Most businesses trade with the benefit of a corporate structure. The key benefit is that a company is a separate entity and the liability of the shareholders is limited to their capital contribution (typically a nominal amount). That is, if the underlying business fails then the debts remain those of the company, not the directors or shareholders (exceptions for failure to pay super, PAYG, etc).
In theory, that sounds almost too good to be true! The reality is a little different.