The proprietary limited company must have at least one shareholder and must have no more than 50 non-employee shareholders and at least one director who must live in Australia with an appointed secretary that must be at least 18 years of age.
The proprietary limited company must have at least one shareholder. The proprietary limited company must have no more than 50 non-employee shareholders. The proprietary limited company must have at least one director. This one director must live in Australia with an appointed secretary. This appointed secretary must be at least 18 years of age.