This report provides a comprehensive analysis of company and association law, focusing on various business structures, including sole traders, partnerships, and companies. It delves into the legal requirements and administrative burdens associated with each structure, highlighting the responsibilities of partners and directors. The report explores the liabilities of partners in partnership firms and directors in companies, emphasizing the impact of the Corporations Act 2001 and relevant case laws. It further examines the duties of partners to each other, including fiduciary relationships and the avoidance of conflicts of interest, and contrasts these with the duties of company directors as outlined in the Corporations Act. The report concludes with a summary of a client interview regarding business structure selection. The report is written for the LAWS19032 course at the University for the Term 1, 2019 assignment, covering business structures, director duties, and legal responsibilities.
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