Small Business Helpline
If you or someone you know is struggling with their business finances, you can call the Small Business Helpline. Small business financial counsellors will give you free, independent and confidential advice.
Closing a Small Business
Even after a company has stopped trading as a business, it will still be registered with ASIC. To save both time and money you might decide to formally close your business by having it deregistered.
Company Business Structure
By law, a company is a distinct legal entity separate from its shareholders or officers. In Australia, the most common types of company are: ‘Proprietary Limited’ companies and ‘Public’ companies.
Directors Personal Liabilities for Limited Company debts
The issue of personal liability generally arises up for directors at the point of insolvency. As the company enters liquidation or another insolvency procedure, directors wonder if they will be held accountable for any of the losses
Company Director Liabilities – when things go wrong
Small Business Company Directors
While running a company, directors must personally comply with obligations under Australian law. Here are the most significant responsibilities for small business company directors and how to become a company director.
Other types of Business Structures: