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BTB2220 - BTC2000 - BTF2000 - Corporations law - S1 2025

BTB2220 - BTC2000 - BTF2000 - Corporations law - S1 2025

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

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

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

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

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

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

Check if the name is trademarked in the IP Australia website

100%

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

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

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

100%

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

Examined the corporate veil in the context of corporate groups.

The person or entity managing trust assets.

Company limited by shares

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

The intention to generate profits in a business arrangement.

No liability company

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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

Only my proposed directors

Only my proposed members

My proposed members and directors

100%

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

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

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

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

For a superannuation fund

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