Question
a) Aimee is the owner of Moonshine, a small independent film-making business. Moonshine makes commercials and various other corporate documentaries. Aimee is regularly assisted by
a) Aimee is the owner of Moonshine, a small independent film-making business. Moonshine makes commercials and various other corporate documentaries. Aimee is regularly assisted by Paul and Noa, who act and narrate for the various film projects. Aimee pays Paul and Noa on a piece work basis for each project. Moonshine has an annual turnover of $50 000. Aimee operates Moonshine out of a spare room at her home and through a web page. Aimee is currently negotiating with Rio Verde Ltd ('Rio') to produce a documentary celebrating its centennial anniversary. The project will trace Rio's beginning as a small mining company in Central Victoria to a multinational corporation. The project is worth a lot of money to Moonshine. Aimee is confident that she can handle the project but is nevertheless concerned that if something should go wrong, she could be faced with unlimited liability. Required: What business structure is Moonshine currently operating under? Advise Aimee what the best business structure option available to her is. Give reasons for your answer and refer to relevant case law and legislation.
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