Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choosing a legal structure for Baik. Patricia Budiyanto and Suzy Elenawati met in Subang Jaya,Malaysia,during their first year at a private college that offers international

Choosing a legal structure for Baik. Patricia Budiyanto and Suzy Elenawati met in Subang Jaya,Malaysia,during their first year at a private college that offers international study programs. Patricia was enrolled in an Australian university bachelor of accounting program. Suzy, who had always been interested in arts and crafts, was enrolled in a design course. Shortly after their arrival at college, both girls joined the Indonesian students Association and were elected to the board of association, with Patricia as treasurer and Suzy as event's organiser. This meant they often had to collaborate on preparing budgets for various events. They got on so well that they decided to share a flat during their second year of study. This provided them with the opportunity to get to know each other better, and they discovered they had a great deal of admiration and respect for each other. The two girls are now in the middle of their third and last year of study, and Patricia has suggested that they start a business together in Kuala Lumpur. She has noticed that more and more Malaysians and expatriates are interested in buying Indonesian furniture and wood sculptures. Their business model is straightforward - buy furniture in Bali, import the goods into Malaysia and setup a retail shop in Kuala Lumpur. Suzy is thrilled with the idea. Every piece bought in Bali will be selected for its uniqueness high quality and functional ability. Working with top designers and craftspeople, Patricia and Suzy plan to bring the finest and rarest Balinese items to Malaysia. The two friends even have a name for their business: Baik - Indonesian for 'fine'. The main hurdle at this stage is funding. They both have about RM30,000 in savings - just enough to organise the first shipment, and pay for the lease deposit. However, they are both determined to set up their business as soon as they graduate in four months

QUESTION 1A. What legal structure would you recommend Pakicia and Suzy adopt for their business?

QUESTION 1B. What steps must the two friends take in order to set up their business?.

PLEASE CHEG EXPLAIN IN DETAILS TOO and state the advantages and disadvantages. a long explanation will be fine

please sir, do not snap and send. i would prefare a written word

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

Step: 3

blur-text-image

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

Research In Forest Economics And Forest Policy

Authors: Marion Clawson

1st Edition

1317362624, 9781317362623

More Books

Students also viewed these Economics questions

Question

What is an automated docket control program?

Answered: 1 week ago

Question

identify the classifications of interventions;

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago