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Advanced Commercial Transaction Notes

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Detailed overview of entire subject, includes legislation, cases, topics of discussion, general concepts and overviews at the start of each topic.

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47 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Equity Taxation in Australia Types of business entity Common law Inheritance Trust law Business Dividend Beneficiary Income tax in Australia United States trust law
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Equity Taxation in Australia Types of business entity Common law Inheritance Trust law Business Dividend Beneficiary Income tax in Australia United States trust law
Sample Text:
In advising on business structures, a lawyer needs to carefully consider and advise their client on: • Ownership and protection of assets; • Management and control of the business; • Distribution of profits and taxation consequences; • Responsibility for liabilities of the business, inc tax; • Obligations to individuals working for the business; • Obligations to clients/customers; and • Future sale of the business and/or assets, inc tax consequences The most common types of business structures are: 1. NO Separate Legal Entity: a. Sole Proprietor b. Partnership (now possible to incorporate) 2. Separate Legal Entity a. Company b. Trust: i. Discretionary ii. Unit c. Super...
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