The words 'Pty Ltd', after a business name, indicate that it's a registered legal entity trading in its own right. The company has shareholders (who invested in the start up of the business) and directors (people appointed by the company to run it). Profits are either shared out among the shareholders in the form of dividends or reinvested in the company. Directors can be asked to give personal guarantees to cover any debts incurred. The company will need to be registered with the Australian Securities and Investment Commission (ASIC), which will issue an ACN. A company will need its own tax file number to lodge its own annual income tax return.
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LEGAL
Liability limited by a scheme approved under Professional Standards Legislation.
Investngro Pty Ltd ABN 53 113 102 695 trading as Murray Nankivell Financial Planning, is an authorised representative of Count Financial Limited ABN 19 001 974 625 holder of Australian financial services licence number 227232 (“Count”). Count is owned by Count Limited ABN 111 26 990 832 of GPO Box 1453, Sydney NSW 2001. Count Limited is listed on the Australian Stock Exchange. Any taxation and accounting services are provided by Murray Nankivell and are not within the authority Count. The information on this web site is not financial product advice and is provided for information only.