by Glenn Matthews on October 21, 2009
Company resolutions
A resolution is the formal means by which decisions are made by a meeting of company members. There are two types of resolutions: ordinary and special. The Corporations Act 2001 (the Corporations Act) requires many decisions that affect a company to be made by resolution, some of which must be by special resolution. In addition, the constitution of a company may also require that other decisions be made by either an ordinary resolution or a special resolution.
General requirements for passing resolutions
The general requirements under the Corporations Act for the passing of any resolution are:
by Glenn Matthews on September 30, 2009
I don’t have a problem with making mistakes. In an entrepreneur’s life mistakes are life lessons. In only recent years have colleges and universities offered entrepreneurial classes. Traditionally we had to learn through mentors, readings and ultimately our mistakes. I’ve made my fair share of mistakes and I offer them to you as a lesson to consider.
1. Having poor cash management:
Too many businesses operate on a shoestring; in fact the biggest contributor to business failures is lack of capital. I understand that all start-ups operate cash-poor, but there’s a difference between being cash smart and down right stupid. Don’t let finances rule the path of your idea. Time is always on your side so be patient with progress and plan, manage and always watch your cash flow.
