Introduction to Corporations

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