(solved)Case Study on Law

Added on - 22 Nov 2020

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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
INTRODUCTIONLawis being definedas an overall system that funnelsthe 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 solutionsfor 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 familybusiness in afamily run company. Further, they also want toreplace the name of companyti “Sicilian Treats”Micheal is not understanding the advantagesfrom operating a company. The Micheal is afraid ofthat the conversion of business into the company have a disadvantage that his sons would try topush himout of industrial environment.Issue:To adviseregardingadvantages&disadvantages ofrunning a firm as a companyalongwith various stepsthat are neededto 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 compliedby each company functioningwithin the country(Morgan,2018). These laws prevent control and monitorover each industrial activitiesof a company so toensure the elimination of fraud and other activities in the country.CA, 19611and CA, 20012covers under the company’s law in nation.These acts provide rangeof legislations, guidelines & standards which are needed to becomply with bycompany at the time of performing its functional activities. These laws containlaws and rules relating to various activities from theincorporation till liquidation of firm.1Companies Act 19612Corporations Act 20011
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