What are the advantages and disadvantages of having a single director and shareholder in a 'Pty Ltd' company?

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what pty ltd stand for Informational

• How does 'Pty Ltd' status affect a company's ability to sue or be sued?
• What are the principles of vicarious liability as they apply to a 'Pty Ltd' company?
• Are there specific regulations related to import and export for a 'Pty Ltd' company?
• How does 'Pty Ltd' status affect the company's financial year and accounting practices?
• What remedies are available to shareholders who believe that the directors are acting improperly?
• What are the factors that insurance companies consider when providing coverage to a 'Pty Ltd' company?
• How does 'Pty Ltd' status affect a company's obligations under consumer law?
• How does 'Pty Ltd' status affect a company's ability to participate in government tenders or contracts?
• Are there specific rules regarding the company's registered office for a 'Pty Ltd' entity?
• What are the advantages and disadvantages of different management structures for a 'Pty Ltd' company?