First Principles of Business Law

Business organisations in Australia

7. Companies

Question 3. How is a company created?

 

 

 

Read the statements below and select the best one.

(a) A company is created by registration under the provisions of Commonwealth legislation called the Corporations Act 2001. A company cannot be created without being registered in compliance with the Act.

(b) A company is created as soon as two or more persons agree to create a company and start trading in the name of that business. A company can be registered but this is not essential to create a new company.

 

 

 

 

 

 

 

 

 
Question 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

17

18
Go to the list of questions in this section Go to the list of topics in this module Choose another module