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I'm one of two directors with 50/50 shares in a Pty Ltd
Hello, I'm one of two directors with 50/50 shares in a Pty Ltd Company. The other director wants to sell but he has a 95k director's loan still owing to the business. (As do I). We have come to a sale… read more
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I have redraw funds in one property and want to buy a new
I have redraw funds in one property and want to buy a new office commercial property in another name. Both entities are companies that are corporate trutees. What documents do I need or loan agreement… read more
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Hi Robin, My friend has run a company (a side online business)
Hi Robin, My friend has run a company (a side online business) for quite a while now, and she is also working full-time. Now she wants to change the legal structure from "company" to "Sole trader". co… read more
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Hi I have some questions when filling the company registration
Hi I have some questions when filling the company registration form 201. I want to set up a Proprieory Limited company with 2 directors. With form 201: Question 2 Details of company: Options: a. Pty. … read more
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A director of a Pty Ltd has tendered resignation but still
A director of a Pty Ltd has tendered resignation but still holds assets - namely IP, physical assets, keys, etc which have not been surrendered to the company. The Director also intends to retain shar… read more
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Hi I am after advice regarding an outstanding business
Hi I am after advice regarding an outstanding business line of credit balance owed by my private company (GM Pty Ltd) to a bank. The business line of credit facility was opened in 2009 in the name of … read more
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I have a shareholding in a company in Australia (Not Listed)
I have a shareholding in a company in Australia (Not Listed) It has been brought to my attention that the Managing Director and 1 of the major share holders purchased stock at cost, sold it to a compa… read more
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Good Morning, I would like to know if a Pty Ltd Company (of
Good Morning, I would like to know if a Pty Ltd Company (of which I the sole Director) would be considered a marital asset in the case of a divorce. The company trades under a trust set up. I started … read more
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hi i am a equal 1/3 director and shareholder of a pty ltd company,
hi i am a equal 1/3 director and shareholder of a pty ltd company, my 2 fellow directors are wanting to steer the company in a certain direction ,that i disagree with this direction will involve using… read more
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Hi, I formed a privately owned Pty Ltd company 2 years ago
Hi, I formed a privately owned Pty Ltd company 2 years ago with 2 other business partners. All 3 of us being equal shareholders. I need to know what steps I need to take to reclaim the shares of one o… read more
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I loaned my son funds to start his business in partnership
I loaned my son funds to start his business in partnership and he was to pay the loan back monthly he has failed to do this and to date is not making any attempt to pay the loan off. I wish to know if… read more
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If a Pty Ltd Company goes into Bankruptcy, voluntary or imposed,
If a Pty Ltd Company goes into Bankruptcy, voluntary or imposed, can assets of the owner/director/shareholder such as a retail business (if it is owned by the same person) and/or home be seized by the… read more
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I am 50% owner of a business in the sports industry. It has
I am 50% owner of a business in the sports industry. It has been operating for the past 4 years with 1 year until lease expires. Due to financial, husbands career, family reasons and ongoing problems … read more
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I have a few assets and would like to register a corporation
I have a few assets and would like to register a corporation to wrap around these assests. How do i do so?… read more
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How to remove a director legally in an australian Pty ltd company
How to remove a director legally in an australian Pty ltd company where a director is a 42% shareholder in the company.… read more
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I signed a contract with my business partner four months ago
I signed a contract with my business partner four months ago agreed the company shares on the basis of using his office as original startup office, the job responsibility and the money contributed (he… read more
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I have a 1 ORD share in a company and wish to sell my share
I have a 1 ORD share in a company and wish to sell my share and am confused with our Constitution rules, which is a standard off the shelf. How do I go about selling my share?… read more
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I have two other business partners, and we each own equally
I have two other business partners, and we each own equally a third of the business we started two years ago. I have contributed $ 200,000 of start up cash as well as introducing all our clients. We a… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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