Types of Business Entity - Australia

Australia

See also: Corporations Act 2001
  • Inc. (Incorporated): restricted to non-profit associations
  • Ltd. (Limited): ≈ plc (UK). The suffix Ltd. may also be used by a private company limited by guarantee, such as a charity or university (these may obtain dispensation from the Registrar of Companies to operate without the suffix).
  • NL (No liability): A type of mining, speculative, or research company with no right to call up the unpaid issue price of shares.
  • Pty. Ltd. (Proprietary Limited Company): ≈ Ltd. (UK) ATF Trust. In Australia companies can act as a trustee for a trust.
  • Pty. (Unlimited Proprietary) company with a share capital: A company, similar to its limited company (Ltd., or Pty. Ltd.) counterpart, but where the liability of the members or shareholders is not limited.

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