Proprietary vs Public company 2021

By Roger 8 December 20212021, Business, business structure, Company, Director, Shareholders, Sophisticated Investor

Planning to set up your Company? Do you know the difference between proprietary and public company Australia? Proprietary vs Public company Proprietary companies Proprietary companies limited by shares A company…

Take money out of the company for private purposes

By Roger 13 December 2020Business, Company, Director, Division 7A, Loan, Shareholders

Director loan and Division 7A If a Director or Shareholder take money out of the company or use its assets for private purposes, an unfranked, deemed ‘Division 7A’ dividend can…

Report Director use of the company’s money – Method 5

By Roger 12 December 2020Business, Company, Director, Loan, Shareholders

Director Loans from the company A company can make a loan to a shareholder or director. However, to avoid tax consequences, before the company tax return is due or lodged…

Report Director use of the company’s money or assets – Method 4

By Roger 12 December 2020Business, Company, Franking Credit, income, Shareholders

Dividends If the director also a shareholder of the company. A company can pay a distribution of its profits to its shareholders, which is known as a dividend. The…