Australian Company Law: Small Business Guide
The laws applying to Australian companies are substantial and complex. The key to Australian company law is the Corporations Act 2001 (Cth). Part 1.5 of the Act is a “plain English” small business guide to the main rules that apply to proprietary companies limited by shares, the most common type of company used by small business.
I urge my clients and others registering and operating companies in Australia to read the guide in full, in the current version of the Act on the Federal Register of Legislation (link below). Company law imposes many obligations on companies, their shareholders and the directors who control them. Not understanding your rights and responsibilities is asking for trouble. The guide is not exhaustive, but it gives an excellent overview of the important things.
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Joe Kafrouni, Accredited Specialist in Business Law, Kafrouni Law
Disclaimer: This article is general information only and is not legal advice. Before acting on it, get advice on your own circumstances. To the extent the law allows, Kafrouni Law accepts no liability for any loss arising from reliance on it. This article is the copyright of Kafrouni Law.
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