A Public Company differs from a Proprietary Limited Company by being able to have more than 50 shareholders. They are used where the Company is to be listed on the Australian Stock Exchange. The number of Directors must be a minimum of three (3), and must have a...
‘Proprietary’ means ‘private’, and is the most popular for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is the most common form of company. Provides for: A single Director and...