Despite the hard work you put into your business and its relative sustainability over the years, bad luck can strike - the loss of a major customer perhaps, or a slump in your particular industry. Suddenly you face a cashflow crisis and your back's to the wall. How should you respond? Lawyer Paul Brennan, of Queensland-based Brennans Solicitors, has spent many years helping small businesses survive a cashflow crisis and he offers some essential legal tips to help steer you through. Included in his advice are simple but critical steps. Don't stop paying your rent, don't panic and start paying off debts with your credit card - and check your mail often, as missing a statutory demand could wind up your business.
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