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WebMay 7, 2024 · Pty Ltd is a term which you will often see at the end of company names. It is an abbreviation for ‘proprietary limited’. Proprietary companies are the most common form of company. This type of company may only have up to 50 shareholders, and they are private. Private companies are only required to have 1 director. They are regulated by ASIC. WebMar 7, 2024 · A few common reasons to change your structure include: Change in management - You may take on a business partner, and decide to change from a sole … WebNov 3, 2024 · act in good faith in the best interests of the company and avoid conflicts with personal interests; be careful and diligent when running the company; and. report on the … circle k norwood ont