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The Fors of a company are: Limited liability - This means that the liability ... is limited to the unpaid amount on their shares. A company need only have one share and need only be operated by one shareholder and one director. Because a company has shares it is much easier to withdraw from the company by selling your shares or taking a further interest in the company by buying more shares..
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Registration is also referred to as incorporating your company. The 2 ways are: Online incorporation. You can incorporate your company by going on to the Internet and logging on to the Companies Office web site. Information on the web site will set out how a person can register a company by following their prompts ... into the Companies Office to complete registration or by or applying by post. If you decide..
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rules for establishing and operating a company in the USA . If you want to form a company in the USA this will have to be registered and there is a process to follow. Your company must have: Registered name One or more shares One or more shareholders with limited liability One or more directors Your company may have a constitution or it can adopt the one that is in the Act. Your company..
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2 Ways to Register Your company Registration is also referred to as incorporating your company. The 2 ways are: Online incorporation. You can incorporate your company by going on to the Internet and logging on to the Companies Office web ... a company by following their prompts and completion of various forms. In person or by Post - by calling into the Companies Office to complete registration..
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in the company a director in the company and a secretary in the company. You cannot bring ... and acceptance. Step 4: Apply to register your proposed company. Once you have obtained your company name and received the various acceptances of the people who will be involved you can then apply to the Companies Office for registration ... if the company decides to appoint one. The notice from the Companies Office confirming..
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Legal Person - A company incorporated under the Act is regarded as a separate legal person. Limited Liability - A company allows liability to be limited ... in it but they are not personally liable for the actions of the company or for the debts of the company. Their liability is limited to the purchase price of their shares so that if the company runs into financial trouble and liquidates..
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There are 3 ways a company may be put into liquidation: By a special resolution of the shareholders. By the company where an event specified in its constitution has occurred. By the court based on an application from the company or a director or shareholder or creditor. When a company is put into liquidation through either a special resolution of the shareholders or by the board of the company 1..
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The Best Way to Learn About a Public company The best way to learn about a public company is to look at that companys annual report. Every public company ... is included. This report comments on the accuracy of the accounts of the company ... of a successful company. You should always look deeper into an annual report ... or whether it is a selling tool on behalf of the company directors. Main Sections in an Annual Report..
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The procedure of company formation involves the following 4 steps: Obtain a name for your company. Decide whether to set up your own constitution .... Apply to register your proposed company. Step 1: Obtain a name for your company ... to use. This application allows you to reserve the companys name ... that apply to your company especially when other people are involved. Step 3..
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report to assess certain things. These are: Profitability of the company. Growth in the company. Stability in the company. The survivability of the company ... in your investment. The future direction of the company. In other words you should use common ... you will be able to see what the company is up to and how it is performing in the stock market. You are interested in the companys earnings because the earnings..
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Warning 33 In the good old days a man could form a company for his business and be assured of reasonable protection against creditors in the event of things going bad. He had limited liability and was liable only for the money still unpaid ... and this contributes to the companys failure. Companies with related shareholdings can be attacked by the liquidator of an insolvent brother company. Family..
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a company as a prospective investment target firstly review its financial statements. Look at the profitability ratios. Calculate the ratios for that company over the last 3 -5 years then compare them with other companies. See if the earnings are consistent growing or declining. Compare that companys ratio with companys .... The price to earnings ratio is calculated by dividing the share price by the companys..
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of the company which contains certain information such as financial results auditors report if required directors remuneration statement of the companys affairs etc..
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or take on further credit if they believe the company is insolvent..
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Warning 38 Many taxpayers find this a comforting thought but it is because they dont appreciate the workings of the tax system. A company can make nil profits year after year for many reasons. For example if all the profits are being paid by way of salaries and directors fees to the owners then they pay the tax personally. Other firms invest heavily in assets in order to claim high depreciation..
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Company Share Register The Corporations Act requires all corporations to maintain a share register which sets out the requirements applying to shares. The share register is important because it provides confirmation of the shareholders entitlement to their shares and the corporation is entitled to treat the person whose name appears on the shares as the rightful or registered owner..
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corporations. Private companies are generally small and medium sized businesses that are not public companies. These companies are not open to the public..
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Features of a Corporation The list below covers the 9 main features specific to a corporation in the USA: A corporation is incorporated. This means it is given a body and is recognised under law as a legal person. It is separate from the people who formed it and who own shares in it and it is also separate from the people who work for it. A corporation allows liability to be limited. This means th.....
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Summary of the Nature of a Corporation A corporation incorporated under the Act is regarded as a separate legal person. A corporation can enter into contracts and be sued like a person. A corporation is made up of shareholders that own shares in the corporation and directors who manage the affairs of the corporation. The directors are accountable to the shareholders for the operation of the corpor.....
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Records Required by Law A corporation must keep the following documents at its registered office: The corporations constitution. Meetings and resolutions of the shareholders. Meetings and resolutions of directors. Full details of the current directors. Copies of Financial Statements required under the Act. Full business and accounting records of the business for the last 7 years. The share registe.....
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