LAWS20059 Business Law Assignment: Company and Partnership Analysis

This report, submitted for the LAWS20059 course, provides a comprehensive analysis of business structures, focusing on partnerships and companies under Australian law. Part A compares and contrasts the two structures, outlining their advantages and disadvantages. Part B delves into fiduciary duties within both partnerships and companies, explaining the legal obligations of partners and company directors. Part C examines the case of ASIC v Vizard, highlighting the importance of fulfilling director duties under the Corporations Act 2001. The report emphasizes the significance of fiduciary responsibilities and the legal consequences of non-compliance, providing a detailed overview of the legal framework governing business structures in Australia.