Inc. versus Co.
Thu, 21 Sept 2000, 07:28 pmWalter Plinge11 posts in thread
Inc. versus Co.
Thu, 21 Sept 2000, 07:28 pmI am having enormous difficulties assembling a committee for my opera company. Especially a treasurer and a secretary. I have reserved the name as an incorporated association, but I am thinking about ditching this in favour of a simple business name - a company - which could be run by one or two people.
What are people's thoughts either way? I am trying to do the right thing by going Inc.... you know, keeping the whole thing above-board and accountable, and avoiding the stigma of people thinking I'll bunk with the profits and vacation in the Bahamas for a year.
(although...)
But if I can't get a committee together, what other option do I have? Wouldn't it be simpler to run it as a busniess?
David M.
(Knight of the Round Meadows)
What are people's thoughts either way? I am trying to do the right thing by going Inc.... you know, keeping the whole thing above-board and accountable, and avoiding the stigma of people thinking I'll bunk with the profits and vacation in the Bahamas for a year.
(although...)
But if I can't get a committee together, what other option do I have? Wouldn't it be simpler to run it as a busniess?
David M.
(Knight of the Round Meadows)
RE: Inc. versus Co.
Thu, 30 Nov 2000, 02:17 pmWalter Plinge
Peter,
You're right about the Incorporatin of an Association Kit being availbale, but the Ministry of Fair Trading has moved to 219 St. George's Terrace, Perth.
Ph: 1300 304 054 Website: www.fairtrading.wa.gov.au
However, the Small Business Development Corporation (www.sbdc.com.au) has a really comprehensive "business information package" which sets out the rules, guidelines, and legislative requirements, plus a booklet on the tax requirements of an 'Inc Ass'. Before you start you need at least 5 people and a constitution.
At SBDC you can also get all the info on the various business structures, ie Pty Ltd, Partnership, Sole Trader, etc. There's a booklet available - "Business Structures Pack", costing $5.50, or you can call in to the Business Information & Licence Centre, 553 Hay Street, Perth and read it in the reference area for free. It discussed the advantages and disadvantages of each.
If anyone wants a package, email me or ring our Business Licence Centre on (08) 9220 0234 and we'll post it out.
Robyn Binks
binksr@sbdc.com.au
You're right about the Incorporatin of an Association Kit being availbale, but the Ministry of Fair Trading has moved to 219 St. George's Terrace, Perth.
Ph: 1300 304 054 Website: www.fairtrading.wa.gov.au
However, the Small Business Development Corporation (www.sbdc.com.au) has a really comprehensive "business information package" which sets out the rules, guidelines, and legislative requirements, plus a booklet on the tax requirements of an 'Inc Ass'. Before you start you need at least 5 people and a constitution.
At SBDC you can also get all the info on the various business structures, ie Pty Ltd, Partnership, Sole Trader, etc. There's a booklet available - "Business Structures Pack", costing $5.50, or you can call in to the Business Information & Licence Centre, 553 Hay Street, Perth and read it in the reference area for free. It discussed the advantages and disadvantages of each.
If anyone wants a package, email me or ring our Business Licence Centre on (08) 9220 0234 and we'll post it out.
Robyn Binks
binksr@sbdc.com.au