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A COMPANY LIMITED BY GUARANTEE NOT HAVING SHARED CAPITALCONSTITUTIONof BUNDABERG REGION LIMITED ACN 80 009 848 542Updated 19/09/2018Constitution of Bundaberg Region Limited1Table of Contents GENERAL..................................................................................................................................
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Not having shared capital refers to a business structure where the company does not issue shares to raise capital. Instead, it may rely on other financing methods, such as loans or personal investment from the owners.
Typically, small businesses, sole proprietorships, or certain types of partnerships that do not have issued shares are required to file for not having shared capital.
To fill out forms related to not having shared capital, one must provide basic information about the business structure, ownership details, and financial information excluding share capital.
The purpose of not having shared capital is to simplify the business structure, maintain more direct control by owners, and potentially reduce regulatory burdens associated with share issuance.
Information that must be reported typically includes the business's financial status, ownership details, income, expenses, and any other relevant financial activities without the requirement to detail share capital.
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