Tips from Centra Lawyers

What are the main differences between companies, partnerships, and sole-proprietorships?

A company is an entity incorporated in terms of the applicable Corporations Act. It is regulated by statute and statutory documents, e.g. the articles.

A partnership is an contractual agreement between two or more persons. The terms of the agreement between the parties are regulated by the partnership agreement.

A sole proprietorship is a registration of a single business person.

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