Incorporation protects board members from most instances of personal liability by creating a separate legal entity. The company instead of the individual can enter contracts, hold assets and can sue or be sued.
Basic principles of the entity and its operations are...
The New Personal Properties Securities Act 2009 (PPSA) explained
How can you check ownership of goods for business sale?
What is PPSA?
The PPSA is legislation which changes the way security interests in personal property are dealt with across Australia.
The PPSA rewrites the law on traditional securities...