Question
1.Tom, Dick and Harry run a successful partnership conducting a retail business. They wish to adopt a new business structure which offers them limited liability,
1.Tom, Dick and Harry run a successful partnership conducting a retail business. They wish to adopt a new business structure which offers them limited liability, the ability to manage the business and they also wish to keep their business affairs private.
Explain what type of business structure should Tom, Dick and Harry adopt and the formalities that will be required.
2.Explain why the shareholder succeeded in defeating the actions of the company in Gambotto v WCP Ltd (1995) 182 CLR 432.Your answer must be supported by legal reasons.
3. Explain why the shareholder succeeded in defeating the actions of the company in Gambotto v WCP Ltd (1995) 182 CLR 432.Your answer must be supported by legal reasons.
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