Solution-How does he register his business

How does he register his business

Assignment Help Business Law and Ethics

Reference no: EM131624290

Peter is considering establishing a property management business in Darwin called PPM Services (Peter's Property Management Services). He and his wife Susan have come to you seeking advice about an appropriate business structure for his business. They want to know of the different options, advantages and disadvantages of the business structures. Susan is concerned about protecting their house for their young family, as she has heard of cases where the family house is lost when the business fails.

Peter will initially be starting the business by himself with some help from Susan. He may later ask his friend Jack to join in the business as Jack can bring in additional capital and business skills to expand the business.

They are specifically interested in the following advice:

(1) How does he register his business? Can Peter conduct a business in his own name? How will he include Susan as a co-owner of the business?

(2) What are the elements of a company and what is the process of registering a company? Can Susan also be a part owner of the company?

(3) What are the advantages and disadvantages of operating a business as a company rather than a sole trader or partnership?

(4) How can he arrange for Jack and other friends join in the business at a later time?

(5) How can Peter and Susan protect their personal assets in case the business fails? Are there other structures that will ensure that their house will always be protected from the creditors?

(6) What are the reporting obligations of the business and how are the various businesses structures regulated?

Verified Expert

This assignment provides insight on how to register as property management service business in Australia and what are the requirements for the same. The objective is also to analyze various forms of business structures along with their advantages and disadvantages. Also, very crucial and important part of the is to understand how to make personal assets and home safe even in the case of business failure and risk Insight has also been drawn on the addition of new numbers and directors in the business and the requirements for the same. The understanding of Australian law is very important for this, especially North Australian as the place is situated in the Northern area of Australia.

Reference no: EM131624290

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inf1624290

10/20/2017 5:58:44 AM

I tried to pay the amount but the page just come blank so I couldnot pay. This work was well written, plan, structure and layout were clear for the reader. Well written assignment. This work achieved a distinction. The Expert followed the marking guide and assignment requirements. well written

len1624290

9/2/2017 3:42:29 AM

it is a corporate law asssignment. Only confirm if you can do it according to the Australian corporations act or Australian law. How can he arrange for Jack and other friends join in the business at a later time?

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How does he register his business

Reference no: EM131624290

Reference no: EM131624290

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