I’ve never met a business owner that went into private enterprise with a view of failing. The vast majority of business owners are highly capable with a vision of succeeding and contributing to society through their commercial endeavours. Unfortunately, as we know, not every business makes it. Many business owners will diligently print their end of month Profit and Loss Statement and Balance Sheet, then scratch their head wondering why they are making profit but have little c

​ ​ BACKGROUND Mary operated a café in a popular Gold Coast weekend destination. The business had been in the family for over two decades. Mary had taken over the business from her mum some 5 years prior and still owed her some money for this purchase. Mary chose to operate the business through a corporate entity. Mary’s husband Bill was unemployed so the business had to cover the weekly family expenses. Furthermore, as Mary’s mum still worked in the business (albeit par