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Review the Associations Incorporation Reform Act applicable to Victoria Australia
1. Identify the minimum number of investors that an incorporated association requires. You will need to mention which state/Act is applicable to your answer.
2. Briefly explain how liabilities are distributed in an incorporated association.
3. Briefly explain the taxation responsibilities of an incorporated association.
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Camille owns several rental properties that produce $3,000 in income each month. Because of the age of the properties, Camille is concerned about her potential liability from accidents on the property. On June 1, she forms the CAM Rental Corporati..
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