2. What type of business organisation or relationship would be relevant to these facts:

a) Paul is an employee of Growto Pty Ltd and is paid a share of the profits that the business earns.

b) Angie lends Richard some money to start a business.

c) John, Paul, George and Ringo decide to pool $25,000 each so they can buy a boat that they plan to sell quickly for a profit.

d) Growto Pty Ltd is a retail shop. They purchase their stock from Weatherby Ltd and sell to retail customers.

e) Henry is the trustee of a discretionary trust. The trust deed states: "The trust shall only invest monies in residential property within 10 km of the Parramatta CBD." Henry decides to use trust money to invest in an apartment very close to the Parramatta CBD. The purchase uses up all the trust money and it takes three months to find a tenant. During this time there is a tax assessment debt but no trust money to pay it.

f) Continuing the story from e) above, Henry dies. Can the tax office hold the beneficiaries liable for the tax assessment?