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13 Part B Kim is currently working for a high profile clothing company but she would like to leave her job and start her own

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13 Part B Kim is currently working for a high profile clothing company but she would like to leave her job and start her own designer clothing business called "KK Klothing Her husband Kanye and her sisters Khloe and Kourtney would help with the business operations. Kim is unsure of which ownership structure would be appropriate for her. She has come to you for advice Required [1] Provide Kim an overview of three business ownership structures [2] Explain to Kim how each of these three business ownership structures affect the following: the amount of tax to be paid personal liability the number of potential owners financing opportunities . . [3] Which business ownership structure would you recommend to Kim? Explain your reasoning. [3+6+2 = 11 marks

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