Business Articles

Shares   What are Ordinary Shares?  Ordinary shares, often referred to as common stock, are units of equity ownership issued by a company primarily to its founders. These shares grant holders certain privileges over preference shares, particularly in corporate...

ABN & ACN   ABN and ACN are two separate identification numbers with different obligations. The primary difference between ABN and ACN is determined by the businesses that are required to use them. All businesses (including a sole trader, partnership, trust...

Corporate Collective Investment Vehicle     What is a Corporate Collective Investment Vehicle?A Corporate Collective Investment Vehicle (CCIV) is a company structure that serves as a vehicle for collective investments. A CCIV is specifically designed for...

Joint Venture   A joint venture is a cooperative business arrangement formed by two or more entities with the shared goal of establishing a new entity to pursue specific business objectives. When entering into a joint venture, parties typically formalise their...

Pty Ltd Company   A Pty Ltd (Proprietary Limited) company in Australia is a private company with limited liability for its shareholders. A shareholder's liability for the company's debts is limited to the capital he or she has invested in the company. This means that...

Director Penalty Notice   What is a Director Penalty Notice?A Director Penalty Notice (DPN) is a notice that the ATO sends a director that make a director personally liable for the following type of tax debts of a company – PAYGW, Superannuation Guarantee Charge...