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BTB2220 - BTC2000 - BTF2000 - Corporations law - S1 2025

BTB2220 - BTC2000 - BTF2000 - Corporations law - S1 2025

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If I want to register the name of my new business, it is recommended that I... (select TWO options)

Check with the Business Name Register if my proposed name has already been registered to someone else.

100%✨

Instruct ChatGPT to list business names that are based on your favourite TV shows or movies

Choose the name "Royal Bakers to His Majesty The King" because I can pretend that I have a connection to the British Royal Family.

Check if the name is trademarked in the IP Australia website

100%✨

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Which ONE of the following options is likely to be a partnership? Choose ONE option.

Ash and Gary collect rare Pokemon cards and regularly sell the cards online and in card exhibitions.

100%✨

Shepard livestreams Elden Ring speedruns on Twitch and regularly receives donation from subscribers.

Sarah attends a recreational library book-reading group, occassional selling her books to other members.

Mary and Joe collect donations from university students to help the homeless.

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Prior to the decision in Salomon v Salomon Ltd in 1897, which was the state of the law in the United Kingdom? Choose ONE option only.

A company was a separate legal entity

Companies were not a recognised legal business structure

Companies could only be used to operate non-commercial activities

A company was not a separate legal entity

100%✨

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Before I apply to register a company, I must seek the consent of certain people, including:

My proposed members, directors and pet

My proposed members and directors

100%✨

Only my proposed members

Only my proposed directors

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Which ONE of the following purposes is NOT a legal justification to create a trust?

To minimise income tax in circumstances where one spouse earns a substantial income, compared to the other spouse

To hide personal assets from the Australian Taxation Office obtained from illegal activities.

100%✨

For a superannuation fund

To hold the earnings of a child actor until she reaches the age of 25 years old

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Match each term/case law/phrase with the correct definition based on your knowledge and understanding.

No liability company

Company limited by shares

The intention to generate profits in a business arrangement.

The person or entity managing trust assets.

Examined the corporate veil in the context of corporate groups.

A private company with limited shareholders and restrictions on share transfers.

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