Corporations Act 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.5 - SMALL BUSINESS GUIDE  

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History

Pt 1.5 amended by No 76 of 2023, s 3, Sch 2[75] (effective 20 October 2023).

Pt 1.5 amended by No 130 of 2020, s 3, Sch 1[22] (effective 1 January 2021).

Pt 1.5 amended by No 64 of 2020, s 3, Sch 3[19] (effective 23 June 2020).

Pt 1.5 amended by No 17 of 2019, s 3, Sch 1 [ 13] (effective 13 March 2019).

Pt 1.5 amended by No 106 of 2018, s 3, Sch 1 [ 3] - [ 5] (effective 19 October 2018).

Pt 1.5 amended by No 96 of 2010, s 3, Sch 1, Pt 2 [ 12] - [ 16], Pt 5 [ 102] and Pt 6 [ 116].

Pt 1.5 amended by No 5 of 2011, s 3, Sch 1 [ 21].

Pt 1.5 amended by No 66 of 2010, s 3, Sch 1, Pt 1 [ 5].

Pt 1.5 amended by No 101 of 2007, s 3, Sch 1, Pt 3 [ 198] - [ 200].

Pt 1.5 amended by No 116 of 2003, s 3, Sch 3 [ 8] - [ 20].

Pt 1.5 amended by No 24 of 2003, s 3, Sch 1 [ 10] - [ 14] and Sch 2 [ 2] and [ 3].

2   The company structure for small business  

2.1   Proprietary company for small business.  

Generally, a proprietary company limited by shares is the most suitable company for use by small business. Such a proprietary company must have a least 1 shareholder but no more than 50 shareholders (not counting employee shareholders, CSF shareholders, or holders of shares issued pursuant to CSF offers that have yet to be traded in certain ways). It may have 1 or more directors.

[ sections 112 - 113 ]

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