The hospitality industry is now clearly the first true financial casualty of the restrictions recently placed by the government on our usual way of life.
The inability to gather in groups, social distancing and cancellation of events, conferences and the like was brutally swift and unexpected. It has had an immediate and direct impact upon restaurants, bars, cafes, venues and, more importantly, the people that own and work in them. The forced closure of businesses is devastating.
Sajen Legal has been in contact with many business owners over the past week and the fear is palpable. A feeling of helplessness also seems to be a common denominator. No one knows what to do while they wait for the real, apparently inescapable, pain to arrive.
But what if there was a solution?
At Sajen legal, the team has been working around the clock to develop a solution which helps business owners absorb the coming impact. One that can give your business not just the best chance of surviving, but the possibility of coming out the other side stronger than before.
Reducing the impact of the coming downturn is the number one priority of your business over the next days, weeks and months.
At Sajen Legal we have a solution but it requires you to act swiftly.
There is a process, implemented under provisions in the Corporations Act 2001, which provides much-needed breathing space for businesses having to deal with the current circumstances.
- Litigated correctly the provision can;
- Provide the opportunity to scale down operations or even close temporarily
- Safely lay off staff where necessary
- Provide binding arrangements with creditors while maintaining control of the business
But most importantly, it provides an opportunity for operators and business owners to regroup. Arrange affairs in an orderly fashion without the immediate threat and pressures of creditors.
An opportunity to ride out the coming storm with a level of control that business owners are starting to feel they have already lost.
If you are already feeling the pressure and struggling to see how you might survive the current crisis or perhaps see it as an opportunity to restructure your affairs for a greater sense of security, Sajen legal is currently offering obligation free consultations. If you would like to arrange a consultation, fill in the below contact form and we will reach out directly and arrange your consultation; in person, remotely, our office or yours.