Ha3021

• Subject Code : ha3021
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Corporations Law

Corporations Law - Question 1 The simplest of the structures is called as the sole trader according to the Australian Corporation Law. The main advantage is that owing to the only owner, there is complete control over the decisions made in the business. However, on the flipside all the debts as well as the tasks need to be performed by the sole trader only. The business is comparatively has very few reporting requirements as well as has a reas…

• Subject Code : ha3021
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.

Foundations of Australian Corporations Law A1. Sole Trader According to the Corporations' Act 2001, this business is of unlimited liability where the person initiated the business is solely responsible for all the liability and loss incurred during the business1. The advantages of sole trade business are that a person can have complete control over the management of the business as well as over the decision-making process. No fees of…