Does this sound like you? You run a successful family-owned business through a private company. Over the years, your company has accumulated profits that could help fund personal investments or assist family members. Like many SME owners, you see no harm in accessing these profits informally. After all, it’s your business, right?
When you’re facing mounting debts, overdue tax, or pressure from creditors, it’s easy to feel like the walls are closing in. For many small business owners, the fear of losing everything—your business, your reputation, your ability to keep trading—is paralysing.
However, you may have more options than you realise.
In Australia, family business directors are legally bound by the same duties and risks as directors of public companies. You can be personally liable for decisions made on your watch.
Your guide to navigating the often-tricky terrain of landlord responsibilities for maintaining essential services and the fabric of your retail premises. We’ll highlight potential dispute areas and, more importantly, how you can address these in your lease agreement with our help.
Learn about the franchise agreement reforms set for April 2025, designed to balance power between franchisors and franchisees.