Popular Topics

Explore All

Find a Lawyer

LawAdvisor Questions
Ask a Question
A member asked over 9 years ago

Directors' duties as sole director

I run a small business using a sole director company structure. I don't have employees. Rather than paying myself a fixed salary, I usually just take funds directly from the company account to pay for my personal living expenses. Is this legal?

Corporations and Companies Common offences QLD AU
Submit an answer

No lawyers have answered this question yet.

Hire lawyers to solve your legal problem now. Learn more

Other Questions

Reporting insolvency

Do I need to report my company's near insolvency to ASIC?

Acting in interests of holding company

When can a director act in the interests of the company's holding company?

Constitutional amendment to permit director conflict of interest

I am a shareholder of a company that has an upcoming AGM. A resolution will be put to vote seekin...

Entering contract as director

I sit on a company board. The directors all agree that we should invest in a small start-up compa...

Reporting insider trading

Who can I report insider trading to?

If you're experiencing any technical problems, please email techsupport@lawadvisor.com.

Receive no obligation fee proposals from Australian lawyers

You can speak to any number of lawyers to find out about all the different options and costs available to resolve your legal problem in three easy steps:

Step 1

Tell us about your legal needs

Step 2

Select and speak to Lawyers

Step 3

Select a fee proposal and start work

Directory Post a Job