Corporate law for small businesses in Australia is now about company directors duties, and not just company directors duties owed to shareholders, but company duties owed to other stakeholders as well. What are the responsibilities of a director of a company? How have directors duties become stricter? There was a time when many company directors …
Directors can become personally liable for the debts of the company if the directors allow the company to trade whilst insolvent. We have talked about this risk to company directors in an earlier Blog post. Given this risk, what steps can be taken by a company director to not be in breach of company director …
Company Directors & Insolvent Trading – ASIC Regulatory Guide Read More »
When the Titanic hit that iceberg, there were no night-vision goggles, no sonar detection, no radar. Just sailors with binoculars on the lookout. That gave them about ten minutes warning of disaster. These days they would have known hours ahead. So how quickly does a company director need to act when the tip of the …
Directors Personal Liability for the Company’s Insolvent Trading? Read More »
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