The topic for the 18 March Business Owners Forum will be “Shareholders’ Current Accounts”, featuring an informative (and entertaining!) panel discussion on issues and pitfalls around financing your company through the shareholders current account – and protecting that investment.
This event will be hosted at “The Conference Centre”, 585 Great South Road, Penrose on 18 March 2010 – from 5:30pm (sharp) to 7:00pm. A map and full directions are here >>>.
As always with BOF events, discussion will be driven by those who attend on the night – and the panelists will keep things moving along quickly. We have three great panelists, and here’s what you can expect to be covered over the hour and a half:
Fraser Hurrell – Director of Elevate CA Chartered Accountants. Fraser sees the results of a lack of forethought with regards shareholders current accounts every day, and has some useful and pragmatic insights into avoiding these issues up front. Issues often arise over time such as one shareholder having much more at stake in a company than others through their current accounts – or shareholders having significant personal borrowing that is not tax efficient where there may be an opportunity to refinance this into the company. There are often ways to prevent issues such as these from arising – or possibilities to fix them once they have arisen. More on Fraser Hurrell here >>>.
Damien Grant – Liquidator at Waterstone Insolvency. Damien is intimately involved with unravelling the affairs of companies in liquidation when things go wrong. Often this involves some unpleasant issues for shareholders who may find their advances to the company are unsecured – or that amounts repaid to shareholders may be recoverable by the liquidator. Damien has a wealth of knowledge and some sobering war stories, and plenty of useful techniques for keeping your investment in your company as secure as possible. More on Damien Grant here >>>.
Ben Langdon, a Solicitor and Partner with Claymore. Ben will discuss some of the practical strategies for protecting your investment in your company – and for maintaining equity between multiple shareholders. Simple tools such as General Security Agreements and proper shareholders’ agreements can pay dividends when the going gets rough, and these will be discussed from the point of view of shareholders. More on Ben Langdon here >>>.
This event will be chaired by Michael Masterson, director and founder of The Bottom Line Expense Reduction. More on Michael Masterson here >>>.
If you have advanced funds to your company – or if you have multiple shareholders with unequal current accounts – or if one shareholder has a current account and personal guarantees independent of the company, then this event is tailored for you.
Format is casual over pizza, beer and wine – and Business Owners Forums are always lively events! These events are targeted to owners of businesses with $1 million turnover and more.
This Business Owners Forum is supported by ElevateCA Limited and The Bottom Line Expense Reduction. The ethos of the Business Owners’ Forum supporters is to give back to the business communities which support us. In line with this ethos, Business Owners’ Forum events are always free of charge. Find out more here >>>.
If you would like to be invited to this event, please contact ElevateCA.
Fraser Hurrell is one of three directors of Elevate CA Limited, Chartered Accountants & Business Advisors in Whangarei, New Zealand.
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