1 min read

ATO kills huge liquor business overnight ... 

Picture of Mark Smith Mark Smith : 12 April 2019 11:59:04 AM

Asset Protection Blog ATO debts ATO incurring of debts cashflow issues tax debt finance Creditors Statutory Demand cashflow problem analysis Personal Asset Protection Windup application Corporate insolvency insolvency insolvent trading personal guarantees free advice Liquidation Business Asset Protection director's duties free business advice

We've been researching the circumstances of a once highly successful liquor manufacturing business, with a huge client base - domestically as well as around the world.

This business had grown and prospered for more than 50 years until this year.  This hard work was all undone overnight when it was wound-up by an aggressive ATO.

Our research indicates some or all of the situation could have been avoided with more thoughtful structuring and asset protection arrangements.

The business was wound up, more or less overnight, by the ATO.

50 years of hard work bought undone overnight.

Business Asset Protection, applying the research this case has uncovered, is offering free business structuring health checks for companies - particularly in high tax sectors such as liquor, with slow paying wholesale customers or those experiencing growing inventory levels.

To arrange a free structuring health check call now on 1300-327123 or complete the below form.

.


[hubspot portal="4799618" id="a81e013e-2c05-4b8c-a515-018c885d0783" type="form"]

What is insolvency?

Picture of Mark Smith Mark Smith : 29 January 2019 10:59:35 AM

Insolvency in general terms, as it relates to a corporation, is the inability to pay debts as and when they become payable.

Blog ATO debts books and records Public examination incurring of debts cashflow issues legal questions cashflow Windup application Corporate insolvency introduction insolvency legal concepts debts insolvent trading personal guarantees free advice Liquidation director's duties free business advice liabilities Business Finance Blog
Read More

What is a liquidator?

Picture of Mark Smith Mark Smith : 17 November 2019 12:59:30 PM

A liquidator is a person appointed, in the winding up of a corporation, to assume control of the company's affairs and to discharge its liabilities...

ASIC Asset Protection ATO debts ATO books and records Public examination incurring of debts cashflow issues company assets Creditors Statutory Demand personal assets legal questions cashflow Personal Asset Protection Windup application Corporate insolvency insolvency legal concepts insolvent trading personal guarantees Liquidation Business Asset Protection director's duties debt Law blog Business Blog Business Finance Blog
Read More

What to do when served with a creditor's statutory demand?

Picture of Mark Smith Mark Smith : 14 January 2019 1:44:10 PM

Firstly, don't panic (straight away). Think clearly.

ATO debts ATO incurring of debts cashflow issues tax debt finance Creditors Statutory Demand cashflow Corporate insolvency negotiating with the ATO good practice insolvency free advice debt Law blog free business advice free webinars time-limits Business Blog Business Finance Blog
Read More

ATO kills huge liquor business overnight ... 

Picture of Mark Smith Mark Smith : 17 January 2021 10:45:15 AM

Past projects Asset Protection Blog Knowledge Base ATO company assets personal assets Personal Asset Protection BAP-Blog Windup application Corporate insolvency insolvency Insolvency Law Business Asset Protection The Mark Smith Blog Law blog Mark Smith's Blog Business Blog Business Finance Blog
Read More

Craig Matthew Adams - former proprietor of Golden Arrow, Mikara Developments, Bargo Developments, Key Asset Management and more

Picture of Mark Smith Mark Smith : 2 June 2019 4:15:07 PM

Current projects Asset Protection ATO debts Assignment of chose in action Assignment of debt 632 Old Northern Rd Defendant profile bankruptcy Dural Alliances Ralph Ignatius Paligaru Ralph Paligaru Public examination Creditors Statutory Demand legal questions Windup application Corporate insolvency insolvency legal concepts insolvent trading personal guarantees Liquidation Mohan Kumar? Business Asset Protection director's duties DCPLH projects receivership
Read More

What is a creditors statutory demand?

Picture of Mark Smith Mark Smith : 14 January 2019 2:01:34 PM

The Corporations Act 2001 ("the Act") provides for the conducting of business by a corporation in Australia.

Asset Protection ATO debts ATO incurring of debts cashflow issues Creditors Statutory Demand legal questions cashflow Corporate insolvency legal concepts Business Asset Protection director's duties Law blog disputing debts Business Blog Business Finance Blog
Read More
Best Practices for Debt Management in Business

Best Practices for Debt Management in Business

Picture of Mark Smith Mark Smith : 17 January 2021 10:27:06 AM

Asset Protection Blog Knowledge Base ATO debts Business basics Business Plan Business Advice Debtor's advice incurring of debts tax debt finance company assets debt collection personal assets Business Health Check debt collection tool Business structures debtor negotiations business practice Personal Asset Protection debt collection tools BAP-Blog Corporate insolvency Dealing with debts insolvency debts debt collection service Insolvency Law Business Asset Protection The Mark Smith Blog debt Law blog free business advice disputing debts Mark Smith's Blog Business Blog Business Finance Blog
Read More

Managing Debts in Your Business: A Guide by Mark Smith

Picture of Mark Smith Mark Smith : 17 January 2021 10:45:44 AM

Asset Protection Blog Knowledge Base ATO debts Business basics Business Plan Business Advice bankruptcy Debtor's advice podcasts company assets debt collection Creditors Statutory Demand Creditors advice personal assets Business Health Check Video debt collection tool free debt collection tool Business structures debtor negotiations business practice Personal Asset Protection debt collection tools BAP-Blog Corporate insolvency insolvency debts debt collection service Insolvency Law Small Business Survival Plan Business Asset Protection Small Business Plan The Mark Smith Blog small business debt setting aside creditors statutory demands Law blog free business advice free debt collection Mark Smith's Blog Business Blog Business Finance Blog
Read More

What is insolvency?

Picture of Mark Smith Mark Smith : 17 January 2021 10:27:06 AM

Insolvency in general terms, as it relates to a corporation, is the inability to pay debts as and when they become payable.

Insolvency blog Blog Knowledge Base ATO debts Debtor's advice debt collection debt collection tool debtor negotiations debt collection tools BAP-Blog Personal Insolvency Corporate insolvency insolvency debts debt collection service Insolvency Law The Mark Smith Blog debt Law blog Mark Smith's Blog Business Blog Business Finance Blog
Read More