Dan Murphy is considering a change of his business structure from the sole trader to another structure commencing on the 1st of July 2022 (starting from a new financial year). He has provided you with the following financial and other family details. Dan is earning $150,000 (net of deductions) per annum from his engineering business. Judith earns $10,000 (net of deductions) from her teaching job. They have the following family members living with them. Robert Murphy: Dans father who is 70 years old. He has retired from his job as chief executive officer of Suncorp Ltd on the 15th of July 2019 and has not been earning any income since retirement. Judith takes care of him as his health has deteriorated recently. Jean Murphy: 19-year-old son. He is a full time university student, currently no income. Xavier Murphy: 15-year-old son, full time high school student with no income. Megan Murphy: 2-year-old daughter. Dan is considering the following options. Retaining Sole trader stucture Partnership with Judith in equal profit sharing ratio Australian registered private company Discretionary Family Trust Required Please advise which business structure would you recommend in order to minimise tax on the clients income. Comment on the tax implications of each business option considered.