Mitigating Risk with

Safe Solvency Advice

GM Advisory works with company directors helping
them mitigate risk in 3 critical areas

Risk Mitigation usually involves a restructuring process of one sort or another. Key to our approach is keeping directors informed about costs and benefits. We understand that restructuring or ceasing a business can be daunting.

As with many elements of business, restructuring and mitigating risk involves choices; understanding the cost of doing or not doing one act in favour of another. The terminology in this highly specialised area can be confusing:

Our Restructuring Terms explain some of the technical terms you’re likely to come across.

Play Video about Ginette Muller discusses safe solvency advice

In our Vodcast -hosted by James Flaherty – Ginette Muller and Chartered Accountant Chris Baskerville explain the intricacies of Safe Solvency Advice. The options for business owners are discussed in detail, including:
• Small Business Restructuring • Safe Harbour • Taxation • Insolvent Trading • Liquidation • The realities, regulations and consequences • Success rates and Ginette’s positive approach, giving your business every chance of success.

Safe Harbour

Protection given to Directors when there is a possibility of financial distress looming so as not to trigger the unnecessary appointment of an insolvency practitioner. Can give the directors the green light to continue trading.

Small Business Restructuring (SBR)

Formal or informal processes where a Company maximises its chances of continuing in existence; or if that isn’t possible, restructuring can involve solutions that are better for the company’s stakeholders than liquidation. See small business restructuring eligibility.

Director Duties & Advocacy

Not every director is across their responsibilities when it comes to the Corporations Act. An extra set of eyes is helpful, especially when dealing with insolvency practitioners who put other stakeholder interests ahead of directors.

Guidance for Directors

Ceasing Business

There are various ways to cease operations and careful consideration is necessary depending on the underlying entity structure.

Tax Debts

Whether you need to negotiate a repayment arrangement or find a loan to repay the ATO or any creditor; understanding available alternatives and selecting the best option for you is crucial. Over extending family finances needs to be carefully considered. Knowing the tipping point matters.

Refinance

Capitalisation of your company's operations is crucial. Finding finance can be difficult. Consider all options including private finance.

GM Posts

Critical Industry Updates

Director Duties

Developers Seek Review of ASIC Ban

ASIC has caused two property developers, JCF and GJK, from the ACT to be banned as company directors.  The disqualification stems from their involvement in

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Director Duties

Developer Disqualified for 2 Years

A property developer in Canberra (PKNH) has been disqualified by ASIC from holding positions in corporate management for two years due to his involvement in

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Director Duties

Director Admits to Falsifying Books

A company director, GC, has been convicted of five counts of falsifying company books under s1307(1) of the Corporations Act 2001. GC, the sole director

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