What is Vendor Finance for the Sale of a Business?
Vendor finance happens when the person selling a business also funds part of the purchase price. The buyer pays an…
What are the Features of a Parent Company?
A holding or parent company may choose to expand their business operations or more evenly distribute risk by setting up…
How Can I Operate Multiple Businesses?
Many small to medium enterprise (SME) owners earn their income through multiple businesses. There are several options available to you…
What is the Best Company Structure for my Startup?
When choosing a one or two company business structure for your startup, it is important to consider the advantages and…
What is an Involuntary Winding Up?
Involuntary winding up is when a company is subject to a compulsory winding up by the court. Creditors typically instigate…
What is a Creditors’ Voluntary Winding Up?
If a company has no real chance of paying its debts and voluntary administration or a scheme of arrangement are…
What is a Members’ Voluntary Winding Up?
If a company wants to enter into liquidation, it can do so through a members’ voluntary winding up. This option…
What is a Deed of Company Arrangement (DOCA)?
When a company is facing insolvency, a deed of company arrangement (DOCA) can help the company avoid liquidation and remain…
What is Receivership?
If a company can’t pay its debts when they fall due, the members of the company have a number of…
Acting in Good Faith: Lessons from the CommInsure Scandal
In March 2016, the insurance arm of the Commonwealth Bank (CBA), CommInsure, received heavy criticism after denying insurance claims to…