Need funding for your business?
Weekly Reflections
The increase in interest rates and the costs of doing business are causing significant funding problems for many businesses.
You could give consideration to raising capital for your company.
If you are currently a sole trader or a partnership, you would need to transfer your business activities into a propriety limited company, which is the vehicle that could raise funds by issuing of shares in the company to investors.
How do you do this?
Section 708 of the Corporations Act
Crowd Sourced Funding Equity Raising
Early Stage Innovation Company (ESIC)
The benefit from this method of fundraising is that the company receives the funds and the investors receive benefits delivered by the ATO.
