Small Business Restructuring
Small business restructuring resource hub
Welcome to a transformative webinar series tailored for tax accountants and professionals across Australia. Our mission is to empower your practice with innovative intellectual property and comprehensive resources, enabling you to offer enhanced restructuring services to your clients.
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+61-405-515-343
Eligibility Tool
Is your client eligible for small business restructuring?
Webinar Recording
Watch the Recording: Navigating Small Business Restructuring in 2024
Slide Deck
Download the Slide Deck: Navigating Small Business Restructuring in 2024
EBOOK
Understanding Small Business Restructuring
An introduction to the small business restructuring process. Learn more about how the process offers a lifeline to struggling businesses, enabling them to keep their doors open and create a plan to reduce debt.
Eligibility Matrix
Options Available
| Informal Payment Arrangement | Small Business Restructuring | Voluntary Administration | Liquidation | |
|---|---|---|---|---|
Duration | 6 months + | 35 business days | 25 business days | Min. 3 months |
Estimated Fees Before Plan (Excluding SBR Distribution) | Variable | $7,000 - $20,000 | Min. $60,000+
(+DOCA; + Cr Trust) | $20,000 + |
Directors Retain Control? | Yes | Yes | No | No |
Employees Retain Jobs? | Yes | Yes | Yes/No | No |
Business continues to trade? | Yes | Yes | Yes/No | Limited |
Creditors Meetings Required? | No | No | Yes | Yes/No |
Investigation and reporting? | No | High level
investigation/reporting | Yes | Yes
Offense Reporting to ASIC |
Case Studies
Real Aussie Case Studies
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Total Debt
After SBR
Debt Relief
Need Help?
Frequently Asked Questions
The Australian Bureau of Statistics (ABS) defines a small business as a business employing fewer than 20 people. Categories of small businesses include:
- Micro-businesses – businesses employing between 1 to 4 people (also includes non-employing businesses).
- Other small businesses – businesses employing between 5 to 19 people
eligible, your business must:
- Be a company (not a sole trader)
- Have less than $1m in debt
A company is insolvent once it is not able to pay all the company’s debts when they become payable.
Warning signs that a company is insolvent include
- accruing losses
- cashflow difficulties,
- overdue taxes and lodgments
- legal issues
- difficulty gaining access to new credit
Become a Small Business Success Story
Olvera First are Principal Accountants & Registered Restructuring Practitioners, registered with ASIC
Phone: (02) 8880 4070
Email: info@olverafirst.com
Website: olverafirst.com
Olvera First Pty Ltd ABN 34 640 364 496 and its subsidiaries/related parties, the owner of the website, whose registered office is Level 6, 9 Barrack Street NSW 2000.