Whether you are a director of a small business or large corporate group, you have obligations under the Corporations Act 2001 (Cth) to ensure that the company is not trading whilst insolvent. There are also circumstances where the directors of a company can be held personally liable for the company’s debts.

It is therefore very important for directors to be aware of their obligations and to have systems and processes in place to regularly check the company’s financial position.

We have established relationships with corporate tax accountants and insolvency practitioners in Perth, Western Australia whom we can liaise with on your behalf to advise you on the financial performance of your company and what steps could be taken to ensure that you are compliant with your obligations under the various applicable laws.

We are also able to attempt negotiations with the company’s creditors to assist in the company’s cash flow, assist your company in recovering from your company’s debtors or represent your company in the Federal Court of Australia or Supreme Court of Western Australia in any corporate insolvency proceedings.

We would be happy to let you know how we could help you further. Send us an enquiry now or search our website for more information in relation to your enquiry.