Acct2542 Essays

Q1: List the stakeholders involved and their influence. Identify any fundamentals of business or capitalism involved.

This essay will discuss obligatory elements in implementing the breach of Section 184 of the Corporations Act 2001 by Mr Clive Palmer. Corporation law is a wide concept of law which comprise of all the legal issues related to Business organisations. With the help of reference to relevant case law this essay will argue that Mr Palmer breached section 184 of the Corporation Act 2001 by not acting in good faith, improper use of position and information and intentional bad business judgements. This essay will provide sufficient evidence that Mr Palmer should be examined by ASIC, hence agreeing with the voluntary administrator.

1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships, general partnerships, C corporations, and limited liability companies.

2 This is an OPEN book examination. You can only use your prescribed text book and the Corporations Act 2001. No other materials are allowed.

both a and b (Yes.  The corporate structure provides for limited liability and ease of transferring ownership.)

5. (TCOs 1, 2, 8, 9, and 10) One of your best individual clients is thinking about starting up a new business, and he is seeking your advice on which business form he should select. In particular, he’s trying to decide whether to operate the business as a partnership or a C corporation. Explain to him the significant tax and nontax issues that will arise from choosing each of these entities compared to the other, including how

In this task I will explain the impact of relevant legislations / regulations on two types of employment contract of the company New Forrest logistics as well as analyse the impact of the legislation of the two contracts of the company.

During this 21st century, we find that almost every nation has companies set up and these institutions play a major role in the nation’s economy. We can find that new companies are being incorporated almost in a daily basis under the Companies Commission of Malaysia, in accordance with Companies Act 1965(The Act). However, we realised that the concept of separate legal entity derived its mere foundation from Salamon v. Salamon & Co Ltd which dates back to several centuries.

In forming a new company, the company will be subjected to a series of legal proceedings; these proceeding govern the activities and business transactions, employment and the same civil rights of the people directly related or indirectly with the company.

Numerous reforms that were introduced for UK companies as part of this Act included but was not limited to:

The following is an example of how this assignment might look when finished. The word limits are indicated at the end of each section. This is neither an essay or a report; it is simply an assignment with 3 sections. It does not need to have an introduction or a conclusion. Clarity is achieved by clear section headings, and clear paragraphing.

Industry and sector are two inter changeable and often used to describe a group of companies that operate in the same segment. The differences pertain to their scope.

Some of the main effects of the Companies Act on private companies are: an individual and simplified model of Articles of Association; individual requirements for accounting and reporting; no requirement for a company secretary; no requirement for an annual meeting; and simplified rules about share capital, (companieshouse.gov.uk, 2014). The key benefits of the Companies Act for shareholders

The purpose of task A is to provide features of the UK tax system in conjunction with any rules and regulations with regards to UK registered companies. It will also discuss the process in which the tax liability of an individual is implemented. The principle UK taxes will be explained clarifying the

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.