I’m a Director. When Am I Responsible for My Company Debts?
A limited liability company is an independent legal entity. This means that, if someone sues the company, they are suing…
10 FAQs About Redeemable Preference Shares
Redeemable preference shares are a type of preference share. A company issues them to shareholders and later redeems them. This…
What is a De Facto Director and What are the Risks?
A company director is an individual responsible for managing and overseeing the company’s business activities. All Australian companies must have…
How to Deregister or Reinstate a Company
When you deregister your company, it no longer exists and will not be able to enter into agreements or undertake…
How To Update Your ABN Details
As a business owner, you are responsible for ensuring that you update your Australian Business Number (ABN) details. If there…
10 Facts You Should Know About Financial Assistance
Financial assistance provisions in the Corporations Act 2001 allow a company to financially assist a person acquiring shares in the company…
What Does it Mean to Get Financial Assistance Whitewash?
The financial assistance provisions in the Corporations Act 2001 (Cth) prevent a company from financially assisting a person acquiring shares…
How Can Unsecured Creditors Reinstate a Deregistered Company?
When a company is deregistered, it loses its legal status as an entity and effectively no longer exists. As a…
Exiting Shareholders of a Private Company: Share Sale vs Share Buy-Back
Sometimes personal or financial circumstances can affect a company’s shareholders. A shareholder may wish to voluntarily make an exit from…
What You Need to Know About Director Penalty Notices
Generally, a company director cannot be held personally liable for the company’s activities, unless they breach their legal director’s duties.…
