| 21.23 |
Types of work associations |
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A work association is defined as a body of people officially recognized in some legal way. A corporate can be a partnership, a limited liability company, a public company and even a trust. |
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An work association record is considered unique and different from that of an individual worker or group of persons as: |
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A WORK ASSOCIATION reflects an object that is recognized by an approprate government authority as having some formal legal existence, either through a business certificate, a charter or some other legal instrument. |
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While any body of people recognised in some was a having some formal legal existence may be recorded as a corporate, not every corporate is the same. |
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| 21.23.1 |
Legal status of different work associations |
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Depending upon the nature of the corporate, its legal status may be described as an association, a trading name (sole trader), or even a public company. This is what is meant by the legal status of a work association. |
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There are eleven (11) types of corporate legal status identified: |
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| legal status |
description |
| 1. Association |
A body formed for non profit |
| 2.Company-Public Listed |
A company registered with a stock exchange issuing public script |
| 3.Company-Pty Ltd |
Limited liability corporation |
| 4.Government-Federal |
Federal government and/or department |
| 5.Government-State |
State government and/or department |
| 6.Government-Local |
Local government and/or department |
| 7.Statutory Authority |
Legislated authority such as a public utility |
| 8.Trading Name- sole trader |
Sole trader |
| 9.Trust-General |
Member owned legal body |
| 10.Trust-Retirement |
Member owned legal body- specifically retirement |
| 11.Trading Name- partnership |
Partnership |
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| 21.23.2 |
Association status of different work associations |
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In addition, an association based on its geographic location may be the Head Office, or a subsidiary of a larger association of work. |
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| Corporate type |
Description |
| 1. Head Office |
The head office of the corporate |
| 2.Group Office |
An office designated as a grouphead office: may be at the same location as the head office. |
| 3.State Office |
An office recognised as the corporates head office within a particular state. |
| 4.Division Office |
An office designated as a Division head office: may be at the same location as the head office. |
| 5.Unit Office |
A business unit of a Division |
| 6.Local Office |
A branch office |
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