Here’s a hard truth I wish more founders understood

You need to stop relying on your accountant

Here is why you need to take ownership of this area:

-You are the director of the business

-It’s on YOU to ensure the company does not trade whilst insolvent

-The directors can be made personally responsible for certain debts (e.g PAYGW & Super)

If you allow the company to trade while insolvent, you may be acting illegally and be in breach of civil and criminal provisions of the Corporations Act.

There are great liquidation professionals like Dane Skinner who can help people out in a tight spot.

But the goal should be to make sure you never get into that position in the first place.

Get the battle-tested roadmap to scale your business to $5 million in revenue here https://my.trimline.co/growth

Article linked below 👇
https://asic.gov.au/for-business/smal...