Urban Development Law

        Old Tafford Consulting Pty Ltd (‘OTC’) is a long established private company operating in the state of Queensland, Australia. It has 15 shareholders, five (5) of whom form the Board of Directors.In 2016 its Chief Executive Officer (‘CEO’) Wayne Fergusson convinces the Board that they need to expand their operations in order to grow. The Board of Directors of OTC decide to establish a new business, which will provide I.T. support specifically to small construction companies in Brisbane. The new business will be called ‘Tafford Tech’. The Board, however, cannot agree as to what the best structure for the new business should be.The proposal at this stage is that Tafford Tech: - will employ 25 full time staff; o José, one of the more vocal shareholders, thinks it would be better to engage these people as contractors instead; - be based in offices in a new commercial building in Brisbane’s CBD;- have a manager who is responsible for day to day operations;- be set up so that each shareholder of OTC will have an equal interest in the new business whatever format it is in. The Board of OTC wants to make sure it understands all obligations and that it establishes the best structure possible for the new business. In order to make a presentation to the shareholders at a special meeting in three weeks’ time, Wayne comes to you for advice. You are to provide a report to Wayne for him to present to the Board. In your report you are to advise the CEO and CFO of Old Tafford Consulting Pty Ltd (‘OTC’) specifically about: 1. business structures 2. liability issues 3. what should be done to protect the name ‘Tafford Tech’ now and into the future