What is a ‘company’
Company is a structure giving itself its own legal entity.
list the ten advantages of a ‘company structure’ over a ‘sole trades structure’.
- Limited liability
- Tax benefits
- Capital raising shareholding
- More formal structure
- More knowledge and resource by accruing the right shareholders
- National name registry
- Continuous operation even if a director dies or leave the company
- More potential to grow the company
- Loophole to get out of paying tax child support and supper
- Tasks can be spread out through the company
list ten rules under corporation’s law
- Bass tax
- Compliance manual
- OH&S of workers and customers
- Asics annual return
- Company tax return
- Gst
- Register company
- Protection discloser
- Super
- Payg monthly
