PROBLEM QUESTION You have discovered a low-cost way in which people can brew esp

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PROBLEM QUESTION You have discovered a low-cost way in which people can brew espresso c machines. company to consist only of your family members. identify it as having a truly Australian flavour. hapter d t to form a company as a vehicle to market your discovery and your ng with offee drinks on their stoves at home, without the need for expensive coffee-making You want the wor ds 'Anzac Coffee to be part of the company's name, to You envisage that, by the end of its first financial year, your company will have gross assets of at least $5 million, employ 20 people full-time and have gross revenue of $10 million. TENT Your five-year plan shows that, by the end of that period, your company's assets will have increased to $13 million and have estimated revenue of etlerules $26 million. By that time, however, the company will only need to employ five ules people full-time, with another 66 employed for half the time of a full-time rule equivalent. Explain what type of company you would apply to register with ASIC, how that company would be categorised at the end of its first financial year, and the

Explanation / Answer

We need to register our company as a company which is into innovation & development. It is first necessary to Patent the machine that will get the expresso coffee at home. Then we shold register our company, so that no one will be able to take advantage of our innovation.

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