Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

c) For the four scenarios described below, indicate the business structure each one is likely to take - sole trader, partnership or company (public or

image text in transcribed
c) For the four scenarios described below, indicate the business structure each one is likely to take - sole trader, partnership or company (public or proprietary) and why. (4 marks) (1) Sam and Andrew wish to start a coffee cart business. They are concerned about the legal issues (for example, their personal liabilities) for this business once they start trading. (H) Four robotic engineers with established careers wish to set up a business developing robots. They want to be able to raise capital by issuing shares to the public. (iii) Melinda and Daniel have been running separate marketing businesses but are finding the costs and hours are very high for one person and are only just keeping their businesses operational. They have decided to combine their businesses so they can share resources and have more time off to spend with their families. (iv) Charlie has commenced a lawn mowing and garden maintenance business by himself

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: Guadarshan S. Gill, Cosserat Graham, Leung Philomena, Coram Paul

5th Edition

0471340723, 978-0471340720

More Books

Students also viewed these Accounting questions

Question

36. Please contact our representative soon.

Answered: 1 week ago