Webinar On Demand - Personal Liability of Directors

1 CPD Point – Substantive Law

Limited liability companies, such as proprietary limited (Pty Ltd) companies are a popular choice for professional advisers and lawyers when recommending an appropriate business structure for their clients. From an asset protection perspective, a limited liability company offers excellent protection for the business owners and directors.

However, there are a number of issues that should be considered when advising your clients in relation to the personal liability that directors of a company may encounter when their company fails and potentially how to minimise their personal exposure.

In this Webinar, Personal Liability of Directors, Dino Travaglini from Travaglini Corporate Advisory, outlines what advisers and lawyers should be discussing with their clients regarding their personal financial risks as company directors.

In this Webinar, Dino will cover:

• Personal liability of directors for unpaid company taxes;
• Personal liability of directors for unpaid company superannuation;
• Nature of the personal liability owing to the ATO;
• Personal liability under the Corporations Act when a company fails, including:
  • Insolvent trading;
  • Anti-phoenixing provisions; and
  • Breach of directors duties;
• Exposure under personal guarantees;
• Personal guarantees & risks to the family home under charging clauses;
• Personal guarantees provided for building companies; and
• Director/shareholder loan accounts.

This Webinar is suitable for company directors, lawyers, accountants and other professional advisers and is pitched at an entry level. It is ideal for company directors and any professional advising on business structures for their clients.

Continuing Professional Development

Legal CPD:

WA legal practitioners (QA Provider ID 29250)

1 CPD point, Competency Area 4 – Substantive Law. To ensure you receive your CPD Points for this event, please provide us with your Legal Practice Board Practitioner ID during registration. Note: CPD Points are only uploaded to the Legal Practice Board after the Webinar On Demand is viewed. This is not an interactive activity.

Legal practitioners outside of WA

If you consider that this webinar satisfies your individual requirement, or is relevant to your immediate or long-term professional development needs, you may claim 0.5 CPD points for every 30 minutes of attendance and participation.

Accounting CPD:

1 CPD Point

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Presenter: Dino Travaglini
Director, Travaglini Corporate Advisory

Dino heads up Travaglini Corporate Advisory, a firm which specialises in restructuring and turnaround of distressed businesses.

Dino has over 30 years’ experience in all types of formal corporate and personal insolvency administrations and corporate restructure, most of which was as a partner of national chartered accounting and restructure firms, Moore Stephens and Cor Cordis.

His experience extends to dealing with and advising businesses which are facing financial stress, and he provides solutions to relevant stakeholders, including secured lenders, creditors and directors.