Discuss in detail why a company is preferred against the following business structures:

a) trust 

b) partnership 

c) sole trader 

d) superannuation fund

 

Discuss the benefits by keeping in view the following:

a) The business structure should be flexible enough to allow growth

b) The business structure should be tax effective

c) Business structure should provide appropriate asset protection to deal with legal liability

d) The business structure should allow to easily draw funds to live on.