Question
1. Which business structure do you recommend as the most suitable business structure in the following two situations? Give reasons in support of your answer.
1. Which business structure do you recommend as the most suitable business structure in the following two situations? Give reasons in support of your answer. (10 marks) a) Kelly has recently retired after working as a lawyer for 30 years. However, to keep herself active and earn some money for holidays she is planning to sell cup-cakes at the Farmers Market held in her locality every Saturday. Kelly inherited a unique recipe for cakes from her grandmother and believes her cakes will be a hit in the market. Kelly is looking forward to a relatively quiet lifestyle aims to minimise paperwork or legal complexities and has no plan to expand the business. Required: Which of the business structures would be the most suitable for Kelly compared to other business structures? Explain the advantages and disadvantages of the business structure that you recommend to Kelly. (10 marks
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