Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 (20 marks) Steven, Grace and Amanda are siblings. Their father operated a very successful pub and upon passing away, left the pub to them
2 (20 marks) Steven, Grace and Amanda are siblings. Their father operated a very successful pub and upon passing away, left the pub to them in equal shares. Steven, Grace and Amanda seek your advices as to how they should operate the pub. They all wish to be involved as they have all had successful careers and now would like a new challenge. None of the children have had any experience in operating a pub as they were raised by their mother who had separated from their father while they were still very young and therefore, have not spent much time in or around pubs. They have each accumulated significant wealth during their previous careers in medicine and law and wish to protect this from any risk associated with operating the pub. The pub has operated very successfully in recent years, with a profit in excess of $5,000,000.00 per year. Steven Grace and Amanda have requested that you provide them with two alternative business structures to choose from. Advise Steven, Grace and Amanda, by reference to the information provided, of two business structures and the pros and cons of each. The business structures you may suggest should be selected from the following list:- Partnership; Fixed/Unit Trust Discretionary Trust; Proprietary Limited Company. The suggested contents of the assignment include: a) Executive Summary Introduction Conclusion and Recommendatio Citation and References The maximum word count is 1500words. This assignment requires you to demonstrate the skills learned in this module and display critical thinking ability. Provide clear and specific reasoning and argument to justify your point of view and please refrain from plagiarizing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started