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A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:

voluntary associations, which may include nonprofit organizations
business entities with an aim of gaining a profit
financial entities and banksA company or association of persons can be created at law as a legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail to discharge) their duty within the publicly declared "birth certificate" or published policy.
Companies as legal persons may associate and register themselves collectively as other companies – often known as a corporate group. When a company closes, it may need a "death certificate" to avoid further legal obligations.

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  1. P

    WA Termination clause of contract - Do "Group members" include sole trader/company?

    In a supply/distributor agreement with a manufacturer the following termination clause is included - The distributor represents and warrants that neither it not any of its group members (if any) is insolvent or is deemed or presumed insolvent under any applicable law.... The agreement is...
  2. C


    I just bought a unit in a company title. The owner in the unit below me is a very heavy smoker and the smoke comes into my apartment. I have met with some of the directors and the refuse to make any rules about this. Am I not entitled to clean air in my own place? The directors are against...
  3. T

    NSW Private company share sale

    My wife and I hold the only paid-up shares in our company. There is a potential buyer of the company who doesn't have sufficient funds to pay for the full value of the shares. Is it legal to sell the shares to him for a down payment, at which time the shares pass to him, with the balance owed...
  4. J

    NSW Unpaid invoices for company being sold

    Dear all, I have an unpaid work invoice. The client was pty Ltd and the business has been sold to another pty/ABN. The first PTY/ABN has not yet cancelled its ABN. The owner of the old PTY/ABN still owns the property of the business however he claimed that the actual business shas gone to the...
  5. BigManCave

    Is this legal for a company setup multiple companies, one to pay their employees, one act as bank account

    My friend's works in a commission based company, however company keep all employee commissions in their company but release approx 30% to them every year. Due to COVID, everyone in his company is worrying about weather if they can get back all their commissions because the company has weird...
  6. L

    QLD payment for work, from a company you don't work for!

    Good afternoon I am after some advice regarding employment pay. I hope this is an acceptable place to ask this. I was supposed to start work with a company in Queensland but didn't and notified them just before the commencement date, as I had a better offer elsewhere. However, before the...
  7. mkbond2008

    VIC Supreme Court Writ for foreign company

    Hi all, Just wondering if it is possible to draft the statement of claim against a foreign company with Form 5A via the Supreme Court in Victoria. Thanks.
  8. S

    Does IP holding company exercise "financial control" over sibling licensee for the purposes of the Trade Marks Act if they have the same parent?

    Imagine a corporate structure where there is a ParentCo, which wholly owns two subsidiaries: the first subsidiary is IPHoldCo (which owns Trade Mark X) and the other subsidiary is TradeCo. IPHoldCo grants an exclusive licence to TradeCo (its sibling) allowing TradeCo to use TradeMark X. Does...
  9. Mega3000

    Company using website I built

    Hi there, I own a web design business and I built a site a few years ago. Since then another company manages it, but on their site under their web design page, they display this site like they built it. is this illegal?
  10. G

    NSW Work for one company, but forced to do unpaid work for another

    I work in a office support role for a top tier law firm in Sydney, one of my roles is to book couriers. The employment contract I have signed is with this Law company. My problem is & anyone else in the law company who books couriers is - the managing partner for our Sydney office uses our Law...