Introduction
In the ever-evolving landscape of modern small business, maintaining financial stability aligns seamlessly with Oyster Hub’s core values. We understand that businesses face diverse challenges, and our commitment to your success remains unwavering.
For our esteemed clients grappling with financial hardships within their corporate structure, Oyster Hub presents a groundbreaking solution: Small Business Restructuring to empower struggling businesses to regain their balance while navigating financial adversities.
Benefits of Small Business Restructuring
Small business restructuring can offer several potential benefits for struggling businesses that are facing financial difficulties. Here are some common benefits associated with small business restructuring:
Empowered Business Owners
Oyster Hub recognises the value of empowered company directors. Through small business restructuring, control remains in your hands. This emphasis on control aligns with our dedication to maintaining brand consistency and vision. This control empowers them to make strategic decisions, thus steering the company towards a more promising future. With our specialised and dedicated services, you can excel at your workplace without worrying about your taxes.
Winning The Creditor Confidence
When it comes to the Small Business Restructuring plan, it’s like giving your money mates a fair dinkum boost in confidence. The restructuring plan fosters creditor confidence, increasing the likelihood of recovering a portion of the debts owed. This little ripper shifts the odds in your favour, making it more likely to grab a slice of what’s owed.Â
And guess what? This bounce in your financial step could be your ticket to future tag teams and credit deals. We help you demonstrate a commitment to repaying debts, so your small businesses can rebuild trust and establish themselves as reliable partners. Showcasing your commitment to settling debts isn’t just gold—it’s trust earned, and you’ll be a true blue partner in crime.
Looking After Employee & Employee Protection
Small business restructuring isn’t just about crunching numbers; it’s about looking out for your cobbers—the hard-working folk on your team. Small business restructuring places a premium on employee protection entitlements, guaranteeing that all outstanding payments are honoured. We’re all about putting a fair dinkum premium on protecting your employees’ rights and giving them the respect they deserve.Â
Motivated and secure employees are more likely to contribute positively to the business’s recovery efforts. When you’re good on your word and make sure they get their dues, it’s like throwing a ripper morale party and ensuring your workplace stays as steady as a rock. A happy, motivated crew? They’re the secret sauce to making your business bounce back better than ever.
The Restructuring Plan
The Restructuring Plan is a comprehensive strategy designed to address existing debts owed to creditors. The adaptability of this plan allows for staggered payments over a period of up to three years, affording the business the necessary time to regain financial stability. This extended timeline acknowledges the gradual nature of recovery and offers a systematic approach to managing debts.
Are You Eligible?
Not all businesses are eligible for this transformative opportunity. To qualify for the Small Business Restructuring, the company must meet specific criteria:
- The company is insolvent or faces imminent insolvency.
- Debts owed total less than $1 million.
- Neither the company’s associated director(s) nor the business itself have previously utilized a Small Business Restructure or undergone a Simplified Liquidation.
- The company has not undergone Liquidation in the past seven years.
- All tax lodgements are up to date.
- Current employee entitlements are duly fulfilled.
Do any of the above list ticks? Well, just go ahead and give us a call, Leave everything on us for your better financial planning!
Taking the Next Step
We’re dead-set committed to giving the little guys a leg up in the small business world. If your clients could do with a hand through the Small Business Restructuring maze, here to illuminate the path forward.
We all know the financial rollercoaster small businesses ride. But fear not! Oyster Hub stands ready with its Small Business Restructuring services. With steadfast support, businesses can steady the ship, fortify relationships with creditors, and ensure employees receive their due.Â
We’re not just here for the occasional pep talk either. Together, we navigate this journey, championing your financial resurgence every step of the way. We’ll dive into what’s on the table, suss out what makes your business tick, and together, we’ll map out the road to getting your finances back on track. So, don’t be shy – reach out to us without hesitation, and we’ll gladly arrange a meeting with our specialists.Â
Your path to financial control is illuminated—seize it with Oyster Hub.
