Your company’s financial position likely changed as a result of the COVID-19 pandemic. You should evaluate your situation and decide what action to take.
Tips for companies in distressed
or survival situations
If your financial outlook is poor, here are suggested
ways to improve your situation:
HOW CAN BDO HELP
Our team of Financial Advisory Services professionals have helped businesses by providing them with advice related to M&A, valuations, raising capital, and financial restructuring.
Reach out to customers to find ways to get paid faster
Ask for favourable terms if you pay early or seek payment deferrals
Ask your insurer if existing coverage applies to the current situation or if you can defer paying premiums
Make filings and request payment deferrals
Pay employees on time and apply for wage subsidies