company

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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. openworld

    Voluntary Deregistration of a company-no outstanding liabilities

    Hi everyone, We would like to close our company by voluntary deregistration. Reviewing ASIC website, we need ensure "the company has no outstanding liabilities" We do have outstanding debts to supplier, but the supplier agreed in writing to waive the outstanding fee. Are we considered as no...
  2. S

    NSW Can a director, who is an employee of the company as well, forgo his salary for few months due to business losses incurred during pandemic period?

    Hi The director of an IT company who is an employee as well, wants to voluntarily forgo the salary (as an employee) for few months due to the business losses incurred (as there is no product sale made) during pandemic period. The business is incurring losses every month, he wants to keep paying...
  3. Aussieant

    Logistics company opened my package

    Hi all, thanks for your time. Brief snapshot of scenario: Person 1 enters a transport company in South Australia with a sealed box to be transported by road, to Western Australia. Person 1 pays for transport, transport company gives consignment note and takes package. Person 1 leaves. Transport...
  4. Scuffed Siem Reaper

    NSW Questionable business practices of virtual address company

    Hi, I apologise for the lengthy post, but I figure the more detail the better the potential response. Also I'm not sure if this topic belongs under this sub forum or not, but I'm wondering if someone with knowledge where as a consumer where I stand with this. I'm currently overseas. I recently...
  5. Scuffed Siem Reaper

    NSW Business Practices of a Virtual Office company

    Hi, I apologise for the lengthy post, but I figure the more detail the better the potential response. Also I'm not sure if this topic belongs under this sub forum or not, but I'm wondering if someone with knowledge can tell me where as a consumer where I stand with this. I'm currently...
  6. S

    NSW Damages awarded in court years ago Company has never paid

    Hi, have a situation where a court awarded damages for unfair dismissal/bullying to an ex employee. The damages have never been paid to the ex employee. They did have a few breakdowns and has been struggling with mental health issues post the closure of the case. What avenues do we have to...
  7. S

    QLD Complex Situation wife steals half my company

    In a nutshell Supreme Court Matter Cozan Pty Ltd Vs Schumacher (7494/19) I seek orders from the honourable Judge to remove the current orders, pursuant to either leave being granted or allowing Cozan Pry Ltd to recommence proceedings in the Supreme Court. For the following reasons. As I...
  8. G

    NSW SOLICITOR DID NOT TELL ME OF OFFER FROM INSURANCE COMPANY IN ACCIDENT INJURY CLAIM

    Hi, I have a claim going resulting from a car accident 4 years ago. My solicitor had an offer of settlement from the other insurance company but never told me. She refused the offer on my behalf it seems, then advised me go to a CARS meeting to try to get a bigger settlement. This was not to my...
  9. U

    WA Insurance asking for original contract with car rental company to be sent to them

    Hi, I insured the access on a rental vehicle with the RAC. I then made a claim online through the company they are agents for. The insurer asked for me to upload a list of documents which I have in full. That included all documents I have received from the car rental company including a copy of...
  10. R

    US Company Legal Power to AU Consumer

    I have an outstanding balanced of $80 owed to a US based hosting company for unpaid fees. I chose not to pay them due to incredibly poor customer service and general frustration with working with the company. They work on a monthly post pay system and the amount has been owed since February...