Small Business Restructuring Services
The small business world in Australia is littered with statistics around business failures that could easily have been avoided with a little help. We have registered Small Business Restructuring Practitioners who can help your small business.
The small business world in Australia is littered with statistics around business failures that could easily have been avoided with a little help. The first challenge is, of course, to determine that there is a problem in the first place, and then to understand the magnitude of the problem.
Some issues are not so grave as to be leading a small business into insolvency and can be fixed with a little TLC from our sister business TBA Solutions, while others will trigger the formal small business restructuring process.
We have a team of registered Small Business Restructuring Practitioners who are experts in assisting businesses that meet the government’s criteria (see Rodgers Reidy SBR Services) to restructure their businesses.
Previously it was hard to formally restructure a small business, but legislative change that came into effect in January 2021 has changed that. We are proud to report that Rodgers Reidy was one of the first firms nationally to complete a successful small business restructure.
The SBR Process
A Small Business Restructure is a formal process that may help a business to turn around its insolvency and to resume trading a solvent business, thus avoiding further debt and other punitive action.
- Eligibility Criteria Assessment
- Initiating the Appointment
- Restructuring Phase
- Restructuring Plan
For more information on the process, please contact Rodgers Reidy or TBA Solutions. Our team can help you to focus on the areas of your business that need attention, and then provide you with a plan for recovery, turnaround and restructuring if required.
We are here to help you.