ACCY$6106-$ The Law of Business

Total marks: $50$ marks

Learning outcome $1$ :

Explain the formation of business structures, their governance, management, and the liabilities of parties in Aotearoa New Zealand.

Content: Partnerships, Limited Partnerships, Companies & Co$-$operative Companies, Family Trusts, Trading Trusts, Sole traders, Joint ventures, Franchises, Societies & Charities, M$\backslash$bar $($a$)$ ori, and Pasifika business structures.

Current structures$/$new developments. Governance and stakeholder engagement.

SOLE TRADER: Provide advice to a client enquiring about going into a business as a sole trader. Give an ANALYSIS of the most important elements that should be considered; such as the type of business structure it is$,$ how it would be formed, managed and liability. Include practical information on matters like the possibility of employees, accounts, and GST registration.

$(5\frac{1}{2}$ marks $\frac{1}{2}$ mark are awarded for each point made up to a maximum of $\frac{51}{2}$ marks$)$ Answer:

EXPLAIN the Disadvantages of being a Sole Trader and DISCUSS whether you would recommend this as a business structure $(\frac{11}{2}$ marks$).$ Answer:

Page $4$ of $10$

ACCY$6106-$ The Law of Business

Is an Incorporated Society a separate legal identity? $(\frac{1}{2}$ mark$).$ Answer:

EXPLAIN how the assets of a 'Society' are divided on winding up$?(1$ mark$).$ Answer:

TRUSTS: ANALSYE the business structure of a Trust. Outline the participants, their roles, and liabilities, consider who governs or manges the Trust and EXPLAIN the nature of Trusts as a business structure and its primary pu $30\%(20$arks$).$

Answer: