Checklist: What to do when your business is insolvent

A guide for Australian small-to-medium-sized business owners and directors

In our guide, we outline 7 steps a financially troubled business should take to respond to insolvency. We find that catching financial distress earlier in the client journey will increase the client’s chances of turnaround, or at least minimise the cost.

One objective of this checklist is to help company directors and owners to work out whether they need professional help and to work out their end game of either business continuity or business exit.