A professional assessment of the financial performance and position of a business will determine its viability which, in a business sense, is the ability to survive.
A business is viable where either:
We have been assessing the viability of all types of business across Australia for many years. We have the skills to assess the financial health of any business.
An unviable business may lead to personal liability of company directors and business proprietors for debts incurred by the business which cannot be paid by the business. This includes taxation debts such as pay as you go withholding tax and superannuation guarantee charges.
Business failures rarely happen overnight. There are almost always indicators of underlying problems which can be addressed if identified early through a business viability assessment.