辽大亚澳公司法期末考试必备材料.docxVIP

1.3 SOLE TRADERS The simplest form of Business structure is the sole trader. The meaning of a sole trader: a single person undertaking a business activity or enterprise for profit. The Features of a Sole Trader: Limited life Limited access to finance Unlimited Liability Formation: is simple and inexpensive and may require compliance with the following: Section 5 - Business Names Act 1962 ABN : Australian Business Number under the GST Legislation 1.4 ASSOCIATIONS People in our society come together in associations for many and varied reasons. An association is a body of two or more persons com