How to Survive the Credit Crunch

by | Dec 10, 2020 | Business Sellers & Purchasers, Commercial Clients, Tradie Businesses

A big question businesses are wondering is what will happen in 2021 when the Government’s temporary protections and stimulus packages come to an end.

A vast number of companies will have been trading whilst insolvent during COVID-19 and so we are entering a new and risky environment for unsecured creditors. We are ready for this but we don’t want to see any of you get caught out when the fixes are simple.

This is concerning business owners and many have already started reaching out asking us about tightening their Terms and Conditions and also how to avoid getting stung when giving credit to their clients.

To help with these concerns the team at Rise Legal have have prepared this free Guide to Avoid Credit Risk.

Click here to download the Credit Risk e-guide!

Helen Kay

If you require any assistance with your business legals or any other commercial legal issue, please do not hesitate to contact me.

P: 1300 064 707 | E: helen.kay@riselegal.com.au

Typical Legal Disclaimer!…

Unfortunately, there is never a ‘one size fits all’ formula to apply. Every situation is unique and it can be tricky to wrap your head around some areas of the law. To ensure you are setting yourself and your business up for success, it is always best to consult a legal professional with expertise in the field.

0 Comments

Related Posts

5 Mistakes Tradie Businesses make and how to avoid them

5 Mistakes Tradie Businesses make and how to avoid them

Too many tradie businesses leave themselves exposed to legal and financial pain. Helen Kay talks to us about a proactive approach to protecting your business against these 5 mistakes that businesses make, and how to avoid this being YOU! Here's the lowdown on this...

read more
How to cope with Trade Material Supply Shortages

How to cope with Trade Material Supply Shortages

How to cope with Trade Material Supply Shortages, Pass on Price Increases and Protect Against Completion Delays It is hard to ignore the current global supply chain disruptions, caused predominantly due to the COVID-19 pandemic. At the same time, demand for...

read more
10 Key Things to Think About Before Buying a Business

10 Key Things to Think About Before Buying a Business

You may be thinking that it is a crazy time to buy a business right now – with lots of uncertainty about many things around the country. However, depending on the business, it might be the best time for you to get a great deal on a business you’ve been thinking about...

read more