Last month, we discussed the ways in which a company can respond to a statutory demand. But what happens if the strict 21-day deadline to apply to set it aside is missed? If the deadline passes without action, the company is legally presumed to be insolvent. A creditor is able to rely on that presumption [...]
A statutory demand is a serious legal notice. It is not a routine request for payment, and should not be ignored or procrastinated over. Companies failing to respond to a statutory demand within a fixed prescribed timeframe may face winding-up proceedings. A statutory demand is a formal demand for payment issued under section 459E of [...]
During 2026, Rankin Business Lawyers will be presenting a series of articles providing guidance on what to do when preparing a business for sale. To kick off, this month we cover sales readiness and vendor due diligence, and steps that can be taken to build trust before going to market. Sale Readiness and Vendor [...]
Selling your business is a major milestone — one that can be exciting, emotional, and financially rewarding. But a successful sale doesn’t happen by accident. It requires careful planning, strategic thinking, and a solid understanding of what buyers are looking for. Whether you're planning to sell in six months or two years, here’s a comprehensive [...]