Tips for Family Business Succession Planning

Running a successful family business is no easy task. The statistics show that in Australia 70% of family businesses fail or sell before the second generation gets a chance to take over. Over 90% of family businesses sell or fail before the third generation gets to take over. Although these figures look dismal it is […]

What is a statutory demand?

If your company has incurred outstanding debts, your creditors have the option to serve a statutory demand against you. The statutory demand is a type of debt recovery tool that when served brings consequences for your business.