Bob and Sela Bartlett live on a property in Mt Gambier in South Australia. Mt Gambier lies
Question:
Bob and Sela Bartlett live on a property in Mt Gambier in South Australia. Mt Gambier lies on a major transportation route between Adelaide and Melbourne. Mt Gambier is well known for its "blue" lake which has been formed from a dormant volcano.
Sela recently inherited this property, which includes several hundred acres, from her late father. The property has been held within the family for several generations. As part of the inheritance, Sela also received several valuable artworks by a famous Australian artist, Tom Roberts, which are displayed prominently in the lounge room of the property.
Sela, has recently quit her job and has returned to her doing interior design. Sela has a real passion for her work. She expects her turnover for 2018-19 to be around $200,000.
Question 1: Sela has asked for your advice on whether she should incorporate.