Help with questions about business! PLEASE come!?

1. why the law requires that at least two directors of Australian public companies live in Australia?

2. whats the advantages and disadvantages in establing a business through a franchise agreement?

3. what are the benefits to farmers of joining a cooperative?

4. what circumstances will the directors of a company be personally liable for the company's debts in the event of a collapse?

1) so that if the company becomes bankrupt and the directors arfe not australian, they can run away to other countries and not be liable.

2) Adv: its well known and has already established goodwill; staff are trained
Disadv: Costly fees, no initiative

3) cooperatives need farmers and tie them to a contract. the pay is good and they wont run out of a job.

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