Dr. Priti Feelgood is a medical practitioner who runs her own medical practice and who earns $200,000 per year on average. Her husband, Sam,has decided to stay at home and raise their 3 children (Happy, Larry and Abbey) and therefore Sam is not employed in the paid workforce. 

All 3 children are under 18 years of age and are dependents of Priti and Sam. Priti seeks your advice on how best to structure her medical practice and affairs to minimise her taxation liabilities and to protect her key assets (for example the family home and car in her name) from potential litigants. Advise Priti.