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A sports club has been growing considerably, particularly as it now has a social club with gambling machines and a restaurant. The club seeks advice
A sports club has been growing considerably, particularly as it now has a social club with gambling machines and a restaurant. The club seeks advice on what type of business organisation they might register, given the nature of the business and the risks involved in employing more employees. Group of answer choices The club should form a trust to hold the club and its property. The trustee will then run the club on behalf of the club members who will be beneficiaries The club might consider setting up a public company since this is the least formal type of business organisation, and one which is relatively easy to run The club might set up a partnership; the members could be partners and have an equal say in the running of the club. This distributes liability across a large number of individuals The club might consider registering as an incorporated association, this allows the club to run as a not-for-profit organisation, with the benefits of a separate legal entity and limited liability
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