1 Comments Commercial law, litigation, contracts, IP, property law
Can be done but, don't be the mug who is the Australian zero share holder. You will be responsible to the Australian authorities for what happens to the company, if the other guys manipulate the company illegally, according to Australian law, you will carry the can for them.
Example, if they make some silly or dishonest decisions, they can override your words of caution, which may result in the company say, trading while insolvent. You as the only director that ASIC can grab will become personally responsible for those debts. It could amount to millions.
Plenty of other scenarios that could see you locked up or paying a fortune or both.
Again don't do it.