M1: Learner Manual
2. What is an Organisation?
An organisation is an entity formed for the purpose of carrying on an enterprise.
The most common business structures are sole trader, partnership, proprietary limited company, association and co-operative.
Terminology of Boards and Board Members
|
Business Structure |
Name of Board Members |
Name of the Board |
Legislation of Incorporation |
|
Sole Trader |
N/A |
N/A |
N/A |
|
Partnership |
N/A |
N/A |
Different legislation per state |
|
Company |
Directors |
Board of Directors |
Corporations Act 2001 |
|
Association |
Officers |
Executive Committee |
Different legislation per state |
|
Co-operative |
Directors |
Board of Directors |
Different legislation per state |