Brown and Partners Solicitors | Businesses

Brown and Partners Solicitors

Phone: 0298170644

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25.01.2022 The Commissioner of #Taxation is empowered to collect #tax #debts from third parties, including debtors, who owe #money to your client without having to proceed to judgment. Read more: http://brownandpartners.com.au/tax-debts/

25.01.2022 In any event, believe it or not if caught short, the #law provides a range of #solution to these problems with the #appointment of the #trustee to put together formal #arrangements with all #creditors. The implementation of these arrangements has the impact (first and foremost) of imposing a stay on all creditors of the business; meaning that the #debtors, as collected (when collected) may serve to help #finance the #business going forward. http://brownandpartners.com.au/warning-signs-2/

25.01.2022 "I am not suggesting that Banks dont have their place in #commerce however there is some wisdom in a spread, i.e. keeping certain commercial arrangements separate from your unsecured #loans, #credit cards. and vehicle leasing and etc with your bank, particularly If credit is tightening." #brownandpartners #funds #outsideofbankingsector Read more: http://brownandpartners.com.au/availability-of-funds-outsi/

25.01.2022 "A #Sydney man will spend six years in jail and pay $1.8 million in reparations after being convicted of #tax #fraud related to illegal #phoenixing activity in the #NSW District Court last week." https://www.smartcompany.com.au//phoenixing-tax-dodger-la/

24.01.2022 A #Voluntary #Administration can usually be completed in a little over a month. During that time, there is a #moratorium on any #recovery action by #creditors against the c#ompany and it stops the enforcement of personal guarantees against #directors. #voluntary administration Read more: http://brownandpartners.com.au/what-is-voluntary-administr/

23.01.2022 Be aware of #unsolicited and #unqualified so called #Business #Advisers. Providing good business advice is a highly specialised area that requires experience, skill and judgement. We, at Brown and Partners Solicitors, have highly experienced #solicitors, who has been specializing in #company, #commercial and #insolvency #Law for over 40 years. We have directed this insolvency practice into the business #reconstruction end of the #market, and are respected in the industry for our innovation, ability to resolve difficult situations in everybodys best interests and understanding of the realities of the market-place.

20.01.2022 There are #options available to individuals and #corporations in difficult financial circumstances short of #bankruptcy or #liquidation. It is open to an individual and a company to propose (in a formal way) an arrangement with their #creditors by appointing a controlling #trustee (in the case of an individual) or an #administrator (in the case of a company). If accepted, it enables the individual or the company to proceed under that arrangement. This can include payment by installments, coupled with a reduction in amounts owing. http://brownandpartners.com.au/bankruptcy/

20.01.2022 The Importance of financial records https://lttr.ai/DQcC #business problems #financial records #Creditor #Debtor

19.01.2022 In the case of a company, we all know that in the event of #liquidation the #directors can be faced with #claims against them personally if it is found that they have traded on and incurred credit whilst the #company is #insolvent. What isnt so evident is the #commercial and another impact of so doing. http://brownandpartners.com.au/the-client-can-leave-it-to-/

19.01.2022 The Importance of financial records https://lttr.ai/Cqfs #business problems #financial records #Creditor #Debtor

19.01.2022 There is a solution to every financial problem. Read more: http://brownandpartners.com.au/individual-or-company-sued-/ #cost #litigation #debts #business #administrators #brownandpartners

19.01.2022 If the #cost of #litigation is considered unaffordable and may bring the #business to its knees, there are #solutions. http://brownandpartners.com.au/individual-or-company-sued-/

19.01.2022 When individuals find themselves with difficult personal #financial #problems, they fear #bankruptcy. What seems not to be understood is that bankruptcy is intended as a relief, not a punishment, for people in these circumstances. At the time when a person declares their bankruptcy, the whole of their #indebtedness is wiped out. What a relief! Read more here: http://brownandpartners.com.au/bankruptcy/ #brownandpartners

18.01.2022 Preparing proper #accounting #records is vital for successfully running your #business. There are numerous accounting packages available on the market, suitable for small businesses. They are not expensive. Failure to operate a proper accounting system is likely to prove expensive as the business grows.... #consult #brownandpartners #solicitor http://brownandpartners.com.au/beware-of-running-business-/

18.01.2022 How to #reconstruct and #recover your #business if the business is encountering #financial problems, without recourse to #legal #solutions?

17.01.2022 Once you have been declared #bankrupt you give up control of your #finances and #assets to a #Trustee in exchange for protection from #legal action being taken against. Read more: http://brownandpartners.com.au/understanding-bankruptcy-2/

16.01.2022 I am not suggesting that #Banks dont have their place in #commerce however there is some #wisdom in a spread, i.e. keeping certain #commercial #arrangement separate from your #unsecured #loans credit cards. and vehicle #leasing and etc with your bank, particularly as #credit looks to be tightening. http://brownandpartners.com.au/availability-of-funds-outsi/

16.01.2022 What can #Business Owners and #Company #Directors Do to Protect their Personal #Assets in the Event of Business #Failure? What is needed is a #strategy to limit or avoid #personal exposure. Read more: http://brownandpartners.com.au/personal-asset-risk-reducti/

16.01.2022 There are many situations in which a #Receiver might be appointed to an individuals assets. A secured creditor will invariably have the power under the securit...y documents to appoint a receiver to take control of the secured assets. Secured #creditors may appoint a Receiver for the #sale of those assets on the one hand, or as a Receiver and #Manager of #business assets for the purpose of carrying on the business #enterprise so as to generate #profits either to reduce the secured #debt or to make the enterprise as a whole more #salable. http://brownandpartners.com.au/receivership/ See more

14.01.2022 The ATO has a number of ways to recover #debts from companies and #directors, one being via a director #penalty notice whereby the #Tax Office can issue these notices to directors to make them personally liable for two types of company tax debts, namely: Pay-As-You-Go Withholding Tax (#PAYG) #Superannuation Guarantee Charge (SGC)... http://brownandpartners.com.au/the-australian-taxation-off/

13.01.2022 "The final report from the #Royal #Commission into Misconduct in the Banking, $Superannuation and #Financial Services Industry has been released, with a big focus on greater consumer #protections, increased #penalties for #law breakers, expanded enforcement powers for regulators and the simplification of the law so its intent is met." #royalcommission https://www.lawyersweekly.com.au//24957-royal-commission-f

13.01.2022 #Business #tax #policies #federalbudget https://www.abc.net.au//tax-policy-changes-busine/10948204

12.01.2022 The objective of a #Voluntary #Administration is to save a company so it can continue its #operations.

12.01.2022 "The 2019 federal budget has been handed down, with implications to be felt across Australias legal profession and the communities it serves." #Budget2019 #AusLaw https://www.lawyersweekly.com.au//25381-how-the-federal-bu

12.01.2022 There is a solution to every financial problem http://brownandpartners.com.au/

11.01.2022 "Highlights include: the total number of #SMSFs is now 597,009 the total number of members in SMSFs is now 1,127,304 the total estimated #SMSF assets is now $726 billion... the top asset types held by SMSFs, by value, are listed shares and cash and term deposits, making up 28% and 24% of total estimated SMSF assets, respectively." https://www.ato.gov.au//Highlights--SMSF-quarterly-statis/

10.01.2022 I am not suggesting that #Banks don’t have their place in #commerce however there is some #wisdom in a spread, i.e. keeping certain #commercial #arrangement separate from your #unsecured #loans credit cards. and vehicle #leasing and etc with your bank, particularly as #credit looks to be tightening. http://brownandpartners.com.au/availability-of-funds-outsi/

09.01.2022 No matter how long youve been in #business, there comes a time when you will need #legal #assistance. As a #firm with a great deal of experience with all aspects of how the #law relates to business, we can assist you. #CommercialContracts #Disputes #EmploymentLaw #Franchising #IntellectualProperty #InternationalTrade #Leases #Licensing #Litigation #Partnership http://brownandpartners.com.au/general-business-law/

08.01.2022 "If a return to profitability is possible, the #directors of a #company should immediately stop trading and appoint an #administrator to #reconstruct the companys operation. Its not that hard! In any event trading an #insolvent company on only serves to expose the directors to #liability." http://brownandpartners.com.au/financial-problems-fcaed-by/

08.01.2022 The Importance of financial records https://lttr.ai/ESjk #business problems #financial records #Creditor #Debtor

07.01.2022 There is a #solution to every #financial #problem. Visit brownandpartners.com.au for more details

07.01.2022 This might be the right structure, in the right quantity and at the right time to give your struggling businesss the decisive fire power they need to achieve their goals. - http://brownandpartners.com.au/availability-of-funds-outsi/

04.01.2022 We can assist with the following issues: Commercial Contracts and Disputes Company, Commercial and Corporate Matters Contract Preparation / Contract Dispute... Employment Law Franchising Intellectual Property International Trade Leases and Lease Disputes Licensing Litigation (All Matters} Partnership Agreements and Disputes Purchase and Sale of Businesses and Assets http://brownandpartners.com.au/general-business-law/

03.01.2022 You and those around you know just how much #time and #money you have invested into building something for you and your familys future and the last thing you want to do is see it all go down the gurgler. Since you are so close to your #business and so involved in it, you really cant see all the options that are available to you, thats when you really need to get help someone to provide a new set of eyes in your business and a new set of ears to hear your problems and more importantly guide you through what really is the best solution for you, your family and your business. #brownandpartners #solicitors #Australia For more details, visit http://brownandpartners.com.au/

02.01.2022 "The Full Court said s90AE(1) of the Family Law Act 1975 confers power onto the court that enables it to make an order that the commissioner be directed to substitute the husband for the wife in relation to the debt owed by the wife to the commissioner."

02.01.2022 Whilst the #law does provide some solutions for the distressed #business some of these #solutions are more palatable than others and the palatability depends, to a large degree upon how early/quickly the problem is identified and addressed. http://brownandpartners.com.au/financial-problems-fcaed-by/

01.01.2022 The Importance of financial records https://lttr.ai/C2FC #business problems #financial records #Creditor #Debtor

01.01.2022 "Illegal #phoenix activity is when a new company is created to continue the #business of an existing #company which has been deliberately #liquidated to avoid paying #taxes, #creditors and #employee #entitlements" https://www.ato.gov.au//protect-yourself-from-illegal-pho/