The BEST Asset Protection in Exeter NSW

clqysom5n000b08ji7zbk1mr2 Successor Directors: Safeguarding Business Continuity in Australia

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Five Benefits of Establishing a Successor Director 1. Immediate Business Continuity: The Successor Director is automatically installed, ensuring that the business operations continue without a hitch. 2. Legal Compliance: The solution is in line with ASIC's guidelines, mitigating legal risks and potential liabilities 3. Financial Stability: Financial institutions are more likely to continue their business relationships, ensuring financial stability 4. Employee and Supplier Confidence: Knowing that there is a plan for business continuance 5. Peace of Mind: For the family & stakeholders

clqysbkc9002g08kyhtwg6t4u What happens when the director of the company – trading or trustee dies

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Will the business fail? Will it go into long slow hibernation until Supreme Court legal action is taken to install a director or new trustee? Will the company be taken advantage of by existing directors? Will lawyers seeking to make claims against the estate lock up the company or put their favourite director in? For SMSFs will the ATO install their directors? Any of the above reasons can spell disaster for a company, trust or SMSF. For these reason we advise all of our company clients to ensure that a Successor Director is in place. Call us should you have concerns about your situation