The essay assignment topic is as follows:
“There are a number of organisational forms through which business can be conducted in Australia, the most numerous of which are arguably the (i) company limited by shares, (ii) sole trading enterprise and (iii) partnership.”
After reflecting on the above statement, please discuss, by way of comparison and contrast, the different forms of business organisation noted in the statement (that is, sole trading enterprises, partnerships and companies limited by shares). As this essay requires an analytical approach, you should extend your discussion beyond a mere descriptive posture. Whilst a good descriptive coverage of the relevant principles, rules and legal and business issues relating to the various forms of business organisation noted in the statement above (that is, sole trading enterprises, partnerships and companies limited by shares) is certainly expected, in terms of the analytical component of your essay you are required to focus on a significant aspect or issue of the company limited by shares as a form of incorporated company and to critically analyse that aspect or issue thus chosen by you.
Wherever possible, you should use Corporations Act section numbers and case authorities to support your discussions and arguments, and if possible illustrate with examples of contemporary cases before the courts. You should use a range of secondary authorities (books and articles), consistent in number and quality with a post graduate level university essay, and duly acknowledged with proper referencing to support your assertions and arguments. When constructing your essay, reference must be made to the requirements listed in the Unit Plan for this assignment, and you should use the relevant format template provided on Blackboard in due course.