Pam and her friend Martina decide to form a company and ask you the following questions:

1)If they are directors and the only people who work in the business would they be covered by workers' compensation?

2)If their business needs to borrow money as working capital, what should they do to ensure that the company and not them personally, are liable to the bank?

3)Do they need other shareholders?Could they put an advert in the Canberra Times inviting people to buy shares in the company?