(solved)Case Study on Law

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Added on 2020-11-23

(solved)Case Study on Law

Added on 2020-11-23

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Law case study

Table of ContentsINTRODUCTION...........................................................................................................................1Question 1........................................................................................................................................1Advising Michael and his son about steps to be taken for incorporation of company along withadvantages and disadvantage of running company......................................................................1Question 2........................................................................................................................................4Advising Poolworths Ltd. About their legal position .................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONLaw is being defined as an overall system that funnels the legislative authorities of thecountry in providing numerous rules and regulations for the purpose of maintaining effectivemonitor and control over all the activities of the country. The present report of provides solutionfor some problems occurred in the business. It provides solutions for the problems on the basis ofappropriate rules and regulations applicable on those situations. Rules and regulations ofcompany law and contract law are being majorly taken into consideration for the purpose ofevaluating solutions for industrial problems.Question 1Facts:Micheal operates restaurant as a family business. Recently he has purchased anotherrestaurant for expansion purpose. Micheal's sons want to convert their family business in afamily run company. Further, they also want to replace the name of company ti “Sicilian Treats”Micheal is not understanding the advantages from operating a company. The Micheal is afraid ofthat the conversion of business into the company have a disadvantage that his sons would try topush him out of industrial environment.Issue:To advise regarding advantages & disadvantages of running a firm as a company alongwith various steps that are needed to take for incorporation and formation of company andchanging name of firm as well.Rules:Companies law: The company law of Australia deals with providing several guidelines,rules and regulations to be complied by each company functioning within the country (Morgan,2018). These laws prevent control and monitor over each industrial activities of a company so toensure the elimination of fraud and other activities in the country. CA, 19611 and CA, 20012covers under the company’s law in nation.These acts provide range of legislations, guidelines & standards which are needed to becomply with by company at the time of performing its functional activities. These laws containlaws and rules relating to various activities from the incorporation till liquidation of firm.1Companies Act 19612Corporations Act 20011

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