Advantages Of One Person Company

Non-employee family members shouldn’t be represented in this process, because it is a family business and only family members hold share.No sign shows this company wants to go public

Multi agency work is a range of different services, agencies and groups of experts that collaborate together, to give benefits that completely address the issues of young people, children and their guardians or careers. Although multi agency work has been around for a mass period of time, it was in 2000 there was a call for a larger, thorough review of UK child protection services due to the death of Victoria Climbie.

The organizational forms a company might have as it evolves from a start-up to a major corporation are: sole proprietorships, partnerships and corporations. The advantages of a sole proprietorship are that is is easily and inexpensively formed; is subject to few government regulations and it’s income is not

In the business world, one can find different from organization. Important among them are sole proprietorship, partnership firm, joint stock companies and co-operative societies. The most suitable form which is beneficial to the people of different walks, of life in, many respects is co-operative society like many another form of business enterprises. The co-operative is also an economic organization. They also depend on business efficiency for their success.

Longevity/Continuity- Company will likely die off if owner does. The company, being one and the same as the owner, cannot continue without measures being taken to pass on

The thesis deals with the above concepts and discusses how the Companies Act 71 of 2008 (the Act) modified the law, particularly, by extending the legal capacity of a company and extinguishing or modifying the above rules which had previously restricted a company's ability

A private organisation is a Company run by an individual, partnership or shareholders. These companies are run for profits which are paid to either the owner/s in which case it is privately owned or its shareholders in which case the shareholders own the organisation. An example of these companies would be Local trade businesses, large commercial organisations and retail stores (Australian Institue of Company directors, 2011).

The definition of company is 'A legal entity, by legislation, which permits groups of people, as shareholders, to apply to government for an independent organization to be created, which can then pursue set objectives ' (Duhaime, 2014).

Tomasic, R. Jackson, J. Woellner, R. Corporations Law Principles, Policy and Process 4th ed. 2002, Butterworths Australia.

Historically, commercial companies developed as a means of allowing a number of people to pool their resources (in the form of capital or management skills) to undertake an enterprise too large for a single individual. Creating a separate legal person to hold and incur the rights and obligations of the enterprise simplified dealings between the enterprise and those with whom it conducted business.

Although doctrine of separate legal entity has the greatest importance in company law, it contains weaknesses that could be arguable. Professor Kahn-Freund described the doctrine as “calamitous” because it arise many issues, such as “How is it possible to check the one-man company and other abuse of company law?” Separate legal entity is inadequate for complex problems .

Every now and then, ASIC’s media releases and other sources would report that a director of a company has been disqualified. By way of background, section 206F of the Corporations Act allows ASIC

* Ownership – organizations do not own their employees as they do their physical assets;

In large public companies, management and ownership are separate. By contrast, in workers’ co-operatives employees will have contributed towards the capital of the organisation and may elect managers at annual meetings.

This project will explain in detail the structure of those organisations,list the documents required to set up every single one of them and will also mention about financial accounts needed to inform stakeholders about the business activities.