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Assignment Solution on Company Law (pdf)

   

Added on  2021-06-17

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Running head: COMPANY LAWCompany LawName of the StudentName of the UniversityAuthor note
Assignment Solution on Company Law (pdf)_1
1COMPANY LAWJournal TopicsCompany LawWeek 1 The Structures of the Alternative Business consists of companies, soletraders, partnerships, trust and association. The journals have discussedabout these structures as they are related to Corporation Law. Firstly, as per the journals, the most simplest type of business issole tradership in the business organization. An individual who issolely responsible regarding all the aspects of the business carriesout a sole trader business structure. It is also referred to as aninexpensive kind of business structure that is usually preferred inAustralia. The concept of unlimited liability can be applied in asole tradership form of business.I believe that the structure of a partnership business is treated tobe as the most common type of businesses that are executed bytwo individuals in an organization. In a partnership form ofbusiness, both the partners will be liable for the profits and lossesequally. In business organizations, there are necessary legal andfinancial merits. As per the articles, companies are organizations, which consist ofdirectors, employees and shareholders. A company is consideredto be as a separate legal entity that is it has a own identity anddifferent from its members. A company can sue and be sued.As per my knowledge and research, a group of individuals thatcannot form a business entity forms associations. A trust on theother hand is always related to the essential merits when they arelinked with the company. Week 2As per the articles, I have observed that a company can be compared tohuman individuals as they own the same rights. This is because likehuman beings, a company or a corporation can have a natural debt basedon which a company can be sued. The process of registration is necessaryin Australia. Every company of Australia should get themselvesregistered under the Australian Business Number. As observed from theCorporations Act, 2001, a company can be divided into two kinds. One isa public company and the other is a proprietary company. However, allthe companies are governed under the Corporations Act, 2001. Week 3As per my opinion, for a company to be constituted necessary steps mustbe followed. A formal document sets out the rules governing thecompany. The constitution of a company defines the affiliation of theshareholders, members, directors and other existing officers who areengaged with such kind of organization. When a company is formed, thepolicies and rules of the Corporations Act are to be followed and applied.However, for the constitution, this document is mandatory since itconsists of all the relevant details of the formation process. The detailsalso include articles and memorandum of association. Thereafter, I beievethat a contract is created between the company and the membersassociated. Before the process of registration, the company is thenconstituted. Week 4The articles state that generally the companies handle and manage withthe promoters, outsiders and the liability of the corporation. According tomy belief, a company can form and enter into a contract with a third partyor an outsider. The outsider can also be a promoter who plays the role of
Assignment Solution on Company Law (pdf)_2

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