9314216
Introduction to Corporations
- Public
- Registered by ASIC with Ltd
- Invite Public for Shares
- 3 Directors
- Unlimited Shareholders
- ASIC 1/2 yearly and annual reports
- AGM once a year
- Registered by ASIC with Ltd
- Proprietary
- Registered by ASIC with Pty Ltd
- Unable to raise funds from public
- 1 Director
- 50 Non employee shareholders
- Lodge audited reports with ASIC
- Registered by ASIC with Pty Ltd
- Characteristics
- Liability of Owners
- Continuous existence
- Separate Legal Entity
- Transferable Shares
- Separation of ownership/management
- No of Members/Directors
- Liability of Owners
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