Alice, aged 50, took a redundancy package during COVID-19 in 2020, from her job teaching dance at the Drama College. She left the College with $50 000 from the package. Alice sees an opportunity to set up a business which will provide online Zoom conference and meeting attendees with breakout sessions that consist of music and dance exercises. Alice has no digital or marketing experience, but her jogging partner Dave does, and he already runs a company Digital Dollars Pty Ltd. Dave thinks that Alices idea is a very profitable one and he suggests that his company could build a website, and set up and roll out a digital marketing campaign to advertise the new business to conference providers and large organisations. He suggests that his company would pay its own costs and in return would take a fixed fee for every new client attracted. He would also like his companys role in the venture to be acknowledged in any media and documents put out by the business.

Alices friend Siyi, with whom she used to be in a dance company, has recently inherited a large amount of money from an aunt. Siyi likes the idea of investing some of that money in dance, and Alice tells Siyi she could use another $50 000 to purchase the most up to date recording equipment and augmented reality applications. Siyi doesnt want to be involved in or responsible for any part of the business operations, but is happy to see a good return on her investment.

Advice Alice what are the possible business structures she could use, and what are the advantages and disadvantages of each? Which do you advise is the most suitable here? Explain your answer with reasons for your statements, and using any relevant sections of the legislation, and case law, that you have studied in class.