Who is Steve Papermaster?

who is steve papermaster?

Steve claims to be a technology entrepreneur and public policy expert who is highly experienced in founding, growing and funding innovative technology companies around the world.

Steve even has sat with distinguished peers on Ernst & Young’s EY Entrepreneur Of The Year Global Alumni Council panel.

Despite this, others say Steve Papermaster is a fraudster?

Others still say effectively that Steve Papermaster is in effect:

incompetent and had "squandered assets".  

Specifically, Papermaster and 5 other executives had, according to U.S. Bankruptcy Trustee Marsha Milligan (participated in):

… spending sprees that bankrupted one of the most well-financed and well-known high-tech startups in Austin.

… breach of fiduciary duty, gross negligence and waste after they”irrationally squandered Agillion’s assets” …

… burned through more than $60 million in less than three years.

…. At its zenith, the company employed about 125 people ….

… “Their revenue was so inconsequential that management never recorded a single dollar in revenue in their internal bookkeeping” …

Despite the poor performance, “…. management (i.e. Papermaster) increased their wasteful spending” ….

Despite earning only a “few hundred dollars…. ” …. opened an office in Australia, which closed six months later.

… entered into a $13 million, 10-year lease (which was) “lavish and unnecessary.”

Tripled the size of its workforce only to lay off many within months.

https://secureservercdn.net/166.62.108.196/ezh.f6b.myftpupload.com/wp-content/uploads/2022/02/Bankruptcy-trustee-claims-Papermaster-other-Agillion-execs-squandered-assets-Austin-Business-Journal.pdf

Is Steve incompetent?

What do you think? send us your thoughts:

More on Steve:

Contact details:

Mobile / cell phone: +1 512 6574248

Email/s: steve@nanovision.com or

sp.confidential@nanovision.com

Linkedin: https://www.linkedin.com/in/stevepapermaster

Whatsapp: +1 512 6574248

Twitter: @spapermaster

Hashtag: #whoisstevepapermaster

Birthdate:

27 September 1958

Signature:

To see other career highlights – view Steve G Papermaster’s profile page.

To see other Associated Companies of Steve G Papermaster’s see his Associated Companies page.

To see Associated Colleagues of Steve G Papermaster’s see Associated Colleagues page.


Do you know who is Steve Papermaster?

#whoisstevepapermaster

Steve Papermaster – Associated Company’s

steve papermaster nano

Steve Papermaster has been associated with a myriad of companies – some of which have been a ‘success‘. Many have not. Here are some of the known companies.

Nano logo

Nano Cures

2013 – Present

www.nanocures.com

See: Nano Page

Nano logo

Nano Global Inc

2013 – Present

www.nanocures.com

See: Nano Global Inc Page

Powershift Group logo

Powershift Group

Jan 1997 – Present

Austin, Texas

See: Powershift GroupPage

goMoxie logo

Moxie Software, Inc.

2007 – 2012

See: Moxie Software, Inc Page

Agillion

2000 – 1 yrs

Austin, Texas

See: Agillion Page.

TechNet

1996 – 2009

Palo Alto, California

See: TechNet page

ROME Corporation

2002 – 2008 · 6 yrs

Austin, Texas

See: ROME Corporation Page.

Vignette logo

Vignette

1997 – 2005

Austin, Texas

See: Vignette page.

Perficient logo

Perficient, Inc.

1998 – 2003

Austin, Texas

See: Perficient page.

Tipping Point Technologies

1998 – 2003

Austin, Texas

See: Tipping Point Technologies page.

TechRepublic logo

TechRepublic

1997 – 2000

Louisville, Kentucky

See: TechRepublic page.

Per-Se Technologies

1997 – 1999

Atlanta, Georgia

See: Per-Se Technologies page.

BSG Corp

1987 – 1997

Austin, Texas

See: BSG Corp page.

Are you aware of other failed Papermaster companies – complete our tip-off form below, send documents, or instant chat with us.

#whoisstevepapermaster

Steve G Papermaster – Nano profile

steve papermaster nano

Steve claims to be a technology entrepreneur and public policy expert who is highly experienced in founding, growing and funding innovative technology companies around the world. Apparently Steve is the founder, CEO and chairman of Nano, who claims to be a health technology company working to bring the same innovation and radical change to health that technology and network platforms have brought to other areas of life in recent history.

Contact details:

Mobile / cell phone: +1 512 6574248

Email/s: steve@nanovision.com or

sp.confidential@nanovision.com

Linkedin: https://www.linkedin.com/in/stevepapermaster

Whatsapp: +1 512 6574248

Twitter: @spapermaster

Birthdate:

27 September 1958

Signature:

Career Highlights / CV:

Nano logo

Chairman and CEO, Nano, 2013 – Present · 9 yrs 2 mos

www.nanocures.com

Sums lost: tba

Nano logo

Chairman and CEO, Nano Global Inc, 2013 – Present · 9 yrs 2 mos

www.nanocures.com

Sums lost: circa US$60m – links and sources to follow

Powershift Group logo

Chairman, CEO

Powershift Group

Jan 1997 – Present · 25 yrs 2 mos

Austin, Texas

Sums lost: tba

JUCCCE (Joint US China Collaboration on Clean Energy) logo

Cofounder, Chairman

JUCCCE (Joint US China Collaboration on Clean Energy)

2007 – Present · 15 yrs 2 mos

Shanghai, China

Sums lost: tba – links and sources to follow

President’s Council of Advisors on Science and Technology Committee Chairman

The White House

2001 – 2017 · 16 yrs

Washington D.C.

Sums lost: tba – links and sources to follow

goMoxie logo

Chairman

Moxie Software, Inc.

2007 – 2012 · 5 yrs

Sums lost: tba – links and sources to follow

U.S. Department of Energy (DOE) logo

Secretary of Energy Advisory Board Member

United States Department of Energy

2001 – 2009 · 8 yrs

Washington D.C.

Sums lost: tba – links and sources to follow

Agillion

About Agillion

View Superbowl Ad

2000 – 1 yrs

Austin, Texas

Sums lost: US$30m+ – https://www.dcpartners.solutions/2022/02/steve-papermaster-agillion-losses/

Further links and sources to follow.

TechNet

1996 – 2009 · 13 yrs

Palo Alto, California

Sums lost: tba – links and sources to follow

ROME Corporation

2002 – 2008 · 6 yrs

Austin, Texas

Sums lost: tba – links and sources to follow

Vignette logo

Board Member, Co-Chairman Exec Committee, Chairman of Advisory Board

Vignette

1997 – 2005 · 8 yrs

Austin, Texas

Sums lost: tba – links and sources to follow

Perficient logo

Cofounder, former CEO, Chairman

Perficient, Inc.

1998 – 2003 · 5 yrs

Austin, Texas

Sums lost: tba – links and sources to follow

Tipping Point Technologies (now HP)

1998 – 2003 · 5 yrs

Austin, Texas

Sums lost: tba – links and sources to follow

TechRepublic logo

Cofounder, Lead Investor

TechRepublic

1997 – 2000 · 3 yrs

Louisville, Kentucky

Sums lost: tba – links and sources to follow

Per-Se Technologies (now McKesson)

1997 – 1999 · 2 yrs

Atlanta, Georgia

Sums lost: tba – links and sources to follow

BSG Corp

1987 – 1997 · 10 yrs

Austin, Texas

Sums lost: tba – links and sources to follow

Accenture logo

Consultant

Accenture

Aug 1981 – Jul 1983 · 2 yrs

Houston, Texas Area

Sums lost: tba – links and sources to follow

Court cases:

Agillion v. Oliver, 114 S.W.3d 86

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

Paul Ng Investors v. Nano Global Corp., 2020 U.S. Dist. LEXIS 257212

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

Paul Ng Investors v. Nano Global Corp., 2021 U.S. Dist. LEXIS 134438

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

SP Boulder River Capital Corporation et al v. Nano Global Corp. 1_2020cv00516 _ US District Court for the Western District of Texas _ Justia

Like to know more – instant chat to request this court matter.

SP David & Angella Nazarian Family Trust v. Nano Global Corp. 1_2020cv00519 _ US District Court for the Western District of Texas _ Justia

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

NAAM US LLC v NANO GLOBAL CORP, INC

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

Peninsula Ventures v. NanoVision

Award

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

Medaphis Corp. v. Sybase, Inc., 2003 Tex. Dist. LEXIS 42

Sums lost: tba – links and sources to follow

MOZIDO, INC., v. STEVEN G. PAPERMASTER, BRIAN G. MAGIERSKI, APPCONOMY, INC., APPCONOMY-US INC., NEUNANO CHINA CORP., BRIAN G. MAGIERSKI, IN HIS CAPACITY AS TRUSTEE FOR THE MAGIERSKI FAMILY TRUST, MOLI CAPITAL LLC (f/k/a 10X CAPITAL LLC), and GAIL PAPERMASTER, IN HER CAPACITY AS TRUSTEE FOR THE STEVEN G. PAPERMASTER 2014 TRUST,

Complaint

Dismissal

Like to know more – instant chat to request this court matter.

Sums lost: tba – links and sources to follow

Failed companies / other companies:

2001 – Agillion

2019/2020 – Nano Global, Inc

Are you aware of other failed Papermaster companies – complete our tip-off form below, send documents, or instant chat with us.

Enablers:

Ernst & Young

Sums lost: tba – links and sources to follow

EY World Entrepreneur of the Year

Sums lost: tba – links and sources to follow

World EOY Alumni Network

Sums lost: tba – links and sources to follow

George W Bush

Sums lost: tba – links and sources to follow

Fred Zeidman – fred@fredzeidman.com

Sums lost: tba – links and sources to follow

National Nanotechnology Initiative

Sums lost: tba – links and sources to follow

President’s Council of Advisors for Science & Technology

Sums lost: tba – links and sources to follow

Joint US China Collaboration on Clean Energy (JUCCCE)

Sums lost: tba – links and sources to follow

University of Texas at Austin

Sums lost: tba – links and sources to follow

Stem Cell/Regenerative Medicine program

Sums lost: tba – links and sources to follow

Secretary of EnergyAdvisory Board 

Sums lost: tba – links and sources to follow

World Economic Forum- Innovation

Sums lost: tba – links and sources to follow

Fortune Magazine’s – Brainstorm Conference

Sums lost: tba – links and sources to follow

Fortune Global Forum – Paris

Sums lost: tba – links and sources to follow

GigaOM

Sums lost: tba – links and sources to follow

MITForum: Future of Energy in China

Sums lost: tba – links and sources to follow

Dreamforce

Sums lost: tba – links and sources to follow

World Entrepreneur of the Year

Sums lost: tba – links and sources to follow

McKinsey Global Forum

Sums lost: tba – links and sources to follow

Global Humanitarian Forum-Geneva

Sums lost: tba – links and sources to follow

AlwaysOn

Sums lost: tba – links and sources to follow


Colleagues:

Media:

Steve Papermaster – most wasteful 30 seconds?

Personal Assets:

Documents:

TBA

Banking details:

Nano Global Corp.

Account No: 591679732

ABA No: 114000093

SWIFT Code: FRSTUS44

Frost Bank

2735 Austin Hwy,

San Antonio, Texas 78218

Beneficiary Address:

1705 Guadalupe, 4th Floor

Austin, Texas 78701

USA

#whoisstevepapermaster

Mark Smith Blog – S1E1

Sharing a happy success story from one of our clients.

Blogging from Nashdale, NSW – our Orange DCP Solutions office and site.

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Acts of Bankruptcy – s40(1)(ha) to s40(8) Bankruptcy Act 1966.

bankruptcy

How does a Bankruptcy Notices under the Bankruptcy Act 1966 work?

BANKRUPTCY ACT 1966 – SECT 40(1)(ha)-s40(8)

Acts of bankruptcy

(1)  A debtor commits an act of bankruptcy in each of the following cases: ….

… (ha)  if the debtor gives the Official Receiver a debt agreement proposal;

                   (hb)  if a debt agreement proposal given by the debtor to the Official Receiver is accepted by the debtor’s creditors;

                   (hc)  if the debtor breaches a debt agreement;

                   (hd)  if a debt agreement to which the debtor was a party (as a debtor) is terminated under section 185P, 185Q or 185QA;

                      (i)  if he or she signs an authority under section 188;

                      (j)  if a meeting of his or her creditors is called in pursuance of such an authority;

                     (k)  if, without sufficient cause, he or she fails to attend a meeting of his or her creditors called in pursuance of such an authority;

                      (l)  if, having been required by a special resolution of a meeting of his or her creditors so called to execute a personal insolvency agreement or to present a debtor’s petition, he or she fails, without sufficient cause:

                              (i)  to comply with the requirements of this Act as to the execution of the agreement by him or her; or

                             (ii)  to present a debtor’s petition within the time specified in the resolution;

                            as the case may be;

                    (m)  if a personal insolvency agreement executed by him or her under Part X is:

                              (i)  set aside by the Court; or

                             (ii)  terminated;

                     (n)  if a composition or scheme of arrangement accepted by the debtor’s creditors under Division 6 of Part IV is:

                              (i)  set aside by the Court; or

                             (ii)  terminated;

                     (o)  if the debtor becomes insolvent as a result of one or more transfers of property in accordance with:

                              (i)  a financial agreement (within the meaning of the Family Law Act 1975); or

                             (ii)  a Part VIIIAB financial agreement (within the meaning of the Family Law Act 1975);

                            to which the debtor is a party.

             (2)  In calculating for the purposes of subparagraph (1)(d)(i) the period for which property has been held by the sheriff, any time between the date on which an interpleader summons in respect of the property is taken out and the date on which the proceedings on the summons are finally disposed of, settled or discontinued shall not be taken into account.

             (3)  For the purposes of paragraph (1)(g):

                     (a)  where leave is given by a court to enforce an award made on a submission to arbitration, being an award under which money is payable by a debtor to another person:

                              (i)  the award shall be deemed to be a final order obtained by that person against the debtor; and

                             (ii)  the arbitration proceedings shall be deemed to be the proceeding in which that final order was obtained;

                     (b)  a judgment or order that is enforceable as, or in the same manner as, a final judgment obtained in an action shall be deemed to be a final judgment so obtained and the proceedings in which, or in consequence of which, the judgment or order was obtained shall be deemed to be the action in which it was obtained;

                     (d)  a person who is for the time being entitled to enforce a final judgment or final order for the payment of money shall be deemed to be a creditor who has obtained a final judgment or final order;

                     (e)  a judgment or order for the payment of money made by the Court in the exercise of jurisdiction conferred on it by this Act shall be deemed to be a judgment or order the execution of which has not been stayed notwithstanding that it may not be enforceable at law by execution; and

                      (f)  an order made after the commencement of this paragraph under the Family Law Act 1975 for the payment by a person of arrears of maintenance for another person shall be deemed to be a final order against the first‑mentioned person obtained by the other person.

             (4)  The act of bankruptcy specified in paragraph (1)(j) shall be deemed to be committed on the day on which the notices calling the meeting are delivered or sent to the creditors or, if they are not all delivered or sent on the one day, on the day on which the last of the notices is so delivered or sent.

             (5)  The act of bankruptcy specified in paragraph (1)(l) shall be deemed to be committed on the day after the day on which the period within which the agreement is required to be executed by the debtor or the period within which the petition is required to be presented, as the case may be, expires.

             (6)  The act of bankruptcy specified in paragraph (1)(m) shall be deemed to be committed on the day on which the agreement is set aside or terminated, as the case may be.

             (7)  The act of bankruptcy specified in paragraph (1)(n) shall be deemed to be committed on the day on which the composition or scheme of arrangement is set aside or terminated.

          (7A)  For the purposes of paragraph (1)(o):

                     (a)  transfer of property includes a payment of money; and

                     (b)  a person who does something that results in another person becoming the owner of property that did not previously exist is taken to have transferred the property to the other person.

             (8)  This section applies, so far as it is capable of application, in relation to acts and things done or occurring, and omissions and failures to do acts or things occurring, before, or partly before and partly after, the commencement of this Act, as well as to acts and things done or occurring, and omissions and failures to do acts and things occurring, after the commencement of this Act.

Source: http://classic.austlii.edu.au/au/legis/cth/consol_act/ba1966142/s40.html

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More info on Bankruptcy?

What is a Bankruptcy Notices under the Bankruptcy Act 1966? The Act defines Bankruptcy Notices as follows:

Do you have a problem with a Bankruptcy Notices? Have you been served a Bankruptcy Notices? Does someone owe you money and you’d like to issue a Bankruptcy Notices?

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Watch our video tutorial, live chat with us in the bottom right corner or call us on 1300-327123 till late.

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Mark J. Smith
Mark J. Smith

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Transcript

welcome back to business asset protection, mark smith is  my name. we’re up to part seven just of section 40 of the bankruptcy act, and there is we’re looking at acts of bankruptcy and there is heaps and heaps of these acts of bankruptcy and to be honest we could go for a week and and still probably not get through them all so today we’re just going to smash through the rest of them from section 40(1)(ha)
all the way through to section 40(8)
and there’s a lot to get through so strap on your seatbelt and here we go. well here we are section 40(1) of the bankruptcy act. a debtor commits an act of bankruptcy in each of the following cases …. now we’ve gone through a b c d e a double d a d e f g h and we’re now up to section HA if the debtor gives and look i’m sorry this will take we’ve got ages to go we’ve all got to go all the way down to h and i’m going to just skim through these and i apologize it is a skim if you’ve got any questions at all come to our website bottom right hand corner dcpartners.solutions and chat with us and what does part 2 of section 40 of the bankruptcy act what does section part 8  know mean? so by all means i understand it’s a scheme we’ll just go through these as quickly as we can and we’ll get through and any questions you’ll come come and talk to me offline we’re available anytime chat with us using the chat tools or call us on 1-300-327-123 now let’s have a look at section ha if a debtor gives the official receiver that’s a mob called afsa afsa.gov.ou a debt agreement so there are these are acts of bankruptcy and once you commit them you cannot go back from them, so very very important that you know that it is an act of bankruptcy and then you know that the what the consequences might be so a debt agreement now we’ll look at debt agreements later in our coverage of the bankruptcy act we’re only looking at what are acts of bankruptcy. so if you’ve got any questions about debt agreements or any of the other things that you come across coming through the rest of this particular video message me offline. hb if a debt agreement proposal is given by the debtor to the official receiver so again official receiver is afsa.gov.au this is out and it’s accepted by your creditors well that’s an act of bankruptcy as well so giving and then if you breach that hc if you breach that well another act of bankruptcy if and so these can you can see that these can accumulate so you might commit an act by giving the official receiver hi giving the official receiver debt agreement proposal but then if you breach it there’s another act of bankruptcy and so you can see that all of these ongoing acts a creditor if you don’t keep your end of the bargain hey credit i can use that against you in a creditor’s petition and we are going to have a look at creditors petitions that’s why we need to wrap this up if you hc if the debtor breaches a debt agreement well there you go that is a an act of bankruptcy hd if a debt agreement to which the party the debtor party was a party is terminated. so if you cease your obligations under that agreement another act. I – if he or she signs an authority under section 188 we’ll look at one section 188 now at the bottom of this particular blog or maybe it’s right at the very top of the of www.dcpartners.solutions of the particular blog that you might be looking at on on on this video you’ll see a link to section 188 so a tag a tag and so you can go and there’s a tag for date agreement there’s a tag for acts of bankruptcy so if you want to go back and see all the different extra bankruptcy use those tags aye did we look at that if he or she signs an authority under section 188 so what does that mean we’ll go to the tag above and look at the section 188 comments now at the moment there is no section 188 comments but they’re coming so this is a ongoing process. J if a meeting of his or her creditors is called in pursuance of such an authority. some of these things might make a bit more sense using the tags K if without sufficient cause he or she fails to attend a meeting of his or her creditors in pursuance of such an authority. so are you getting the gist that once you once you’re into this process of a formal process of insolvency, there are a number of potential acts of bankruptcy that can be used and no 99% of the acts of bankruptcy that are relied on in the courts is the failure under under a bankruptcy notice that’s s40(1)(g) – 99% we’ll just go back up to that 99% maybe 98% of the ones where someone does go bankrupt, happen when happened when you’ve issued a bankruptcy notice and a demand here … ralph plays $106,551 and they fail okay so 99 98 are of that kind. the other 2% percent as i said relate to some of these i guess more obscure methods of committing acts of bankruptcy and they are nevertheless acts of bankruptcy which the courts can use to issue what’s called a sequestration order. so that’s a new concept and there’s a tag above not on youtube but on our web page so go to our web page dcpartners.solutions and this particular blog has a tag for what a sequestration so there will be more and more of these posts and blogs and explanations about sequestration and other other things l where did we get to sorry did we get to k? L if having been required by a special resolution of meeting me of a meeting of his or her creditors to execute a personal insolvency agreement and then you fail.
m if a personal insolvency agreement executed by you is set aside by court or if you if it’s terminated or it’s … well it it means that once you’re in you can go to the next there can be a further consequence okay. it’s bankruptcy don’t get me wrong it can provide a lot of protection and a lot of yeah i guess the protection is one way to look at it a relief it can offer relief to a to a debtor who accepts that they have unmanageable debts if you only go part way in and you do one of these part X agreements again up above look at the part X tag and if you want to look at more content if you go part way in it can accelerate you can go to there can be further acts of bankruptcy and that can have consequences. N if a composition or scheme of arrangements. scheme of arrangements we can’t possibly explain all of this one bit at a time but if you’ve got a question again use the tags call us 1300 327123 or instant chat with us using the tool in the bottom corner in if a composition or scheme of arrangement executed under division six of part four is set aside. all these different concepts. again these tags should help you. O if the debtor becomes insolvent as a result of one or more transfers under the family law act so if you’re again if you can’t pay your debts because you’ve gone through a divorce that can be an act of bankruptcy you’ve got to be very very very careful and it may not even be a divorce you you have a these financial binding agreements, so these are prenups these can get you into trouble as well. so an act of bankruptcy is you transfer out your your assets to your spouse. your wife your husband your whatever your companion. and these can have very serious consequences so much so that you could find your entire estate your entire estate is subject to a sequestration order possibly affecting your spouse. like the we we can’t look at all the powers right now but the powers are immense so let’s go on to now on to part two so this is section 40(2) … a person commits an act of bankruptcy oh no now these are not where you commit them but these explain a little bit further about the above acts so in calculating part two in calculating for the purposes of section 40(1)(d)(i) … the period of which that was where the sheriff turns up and attempts to sell your goods your channels and maybe your property these can be an act of bankruptcy so if you find you’re in one of these positions either someone owes you money or you owe someone else any money by all means instant chat with us using the tool or call us 1300-327123 section three well part 3 for the purposes of paragraph one g now that’s the one where someone issues a bankruptcy notice and gives you 21 days now it used to be 6 months during covid and you know there are a lot of ways that you can get around this all of these we we really can’t go through but there are ins and outs that’s what we will say ins and outs and a lot of complexity if you want us to explain it by all means give us a call 1300 327123

section 40(4) the the act of bankruptcy in paragraph 1j will be deemed to be committed now i’ll throw in a link to paragraph s40(1)(j) we’ve gone through that i think today i can’t remember all of these there are so many so look i think in wrapping up there is lots and lots and lots of complexity and again i think we probably best to say if you’re in in any position where the point is that there’s lots of risks in when you become insolvent or when you become under financial pressure there are lots and lots of risks and if you’re exposed to one of those risks and you attend a meeting you get a divorce there are many many risks and so probably the best thing to do if you if you think that you’re facing trouble give us a call 1-300-327-123 or use the chat tool bottom right hand corner www.dcpartners.solutions so we’re actually going to move on next probably here to bankruptcy notices and we’ll have a look at those and if you’ve got any questions by all means chat with us call us 1300 1-300-3273 or use the chat tools www.dcpartners.solutions …. thank you very much.

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Thanks, Mark Smith, Director

Should your business have an ABN?

We do recommend in most case that your business has an ABN. Watch the below video to consider why.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

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Transcript:

Fast facts video
business asset protection
should you have an ABN?
this is a very very basic question?
should your business have an ABN?
but if you’re buying or selling at all once you get to $75,000 turnover you’ve absolutely got to have it
if you’re buying goods – there’s a very good chance and actually if you’re buying services as well there’s very good chance that you’ll be buying goods or services and include a GST component
so you will want to be registered for GST so that you can claim the input cost of those items
For example: if you buy this pen for $100 and you can and you sell it for $200 you claim $10 or actually $9.10 this pen costs $91.90 without GST and $100 with GST you then go and sell it for $200 you sell it for $181.80 plus 10% GST
so you’re collecting GST and your paying GST
by being registered for GST you get the inputs
now the bad news is that you also have to pay the GST but that’s why you want to have an ABN – so that you can claim all the inputs
another very very good reason is as your business grows you’ll want to borrow and without an ABN, without a record of all your dealings with the tax office
without more taxes paid
there’s very good chance that you won’t be able to get funds to accelerate and grow your business without an ABN, without a trading history, without bank statements and all the rest but certainly not without an ABN
so we highly recommend it we can give you links here on this page
you can subscribe to our videos by clicking the subscribe button down in the bottom right hand corner of the YouTube screen and
we hope to see you soon on another video thank you

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

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To schedule a free review of your current business structure click the following link: Book a meeting instantly

To view our knowledge base glossary – for the definition of a term click the following link:  Glossary of terms

To view our knowledge base click the following link: Knowledge base

For any other questions chat with us now using the live chat icon in the bottom corner of your screen.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

The importance of your business plan

Watch our latest video on your business plan or alternatively complete our Business Health Check to obtain a detailed report on the Health of your Business together with recommendations.

To take our free Business Health Check click here.

To schedule a free review of your current business structure click the following link: Book a meeting instantly

To view our knowledge base glossary – for the definition of a term click the following link:  Glossary of terms

To view our knowledge base click the following link: Knowledge base

For any other questions chat with us now using the live chat icon in the bottom corner of your screen.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

take our free Business Health Check and receive bespoke, obligation free advice suited to your needs within minutes.

Otherwise – click here to book a free appointment, call me anytime on 1300-327123 (till late), or click the chat tool – bottom right corner to instant chat now

Thanks, Mark Smith, Director

Debts owed to your business

Having too many or too few debtors could be a sign of poor business health – take our Business Health Check.

Having too few (or no) debtors might mean that your business could expand its business by offering to the right clientele some limited credit facilities?

To schedule a free review of your current business structure click the following link: Book a meeting instantly

To view our knowledge base glossary – for the definition of a term click the following link:  Glossary of terms

To view our knowledge base click the following link: Knowledge base

take our free Business Health Check and receive bespoke, obligation free advice suited to your needs within minutes.

Otherwise – click here to book a free appointment, call me anytime on 1300-327123 (till late), or click the chat tool – bottom right corner to instant chat now

Thanks, Mark Smith, Director