From the six scenarios described below, indicate (giving your reasons) the business form each one is likely to take sole trader, partnership, company or trust.

a,

ally and tommy wish to start an online business marketing hair products . They are concerned about the legal issues (e.g. their personal liabilities) for this business once they start trading.

b.

kyle has just commenced a yard maintenance business by himself, with the help of $2000 inherited from a rich friend. He wishes to employ his niece as the bookkeeper.

c.

As friends from school, sam, sarah and yas studied commerce. They are now setting up a small accounting business specialising in taxation returns and investment advice.

d.

Two sisters (emily and kylie), who are both married and are both trained and practising eyelash technicians, wish to combine their businesses into one so that they can share resources and take more holidays.

e.

Three engineers (alex, daniel and azalea) wish to set up a prospecting business searching for gold, and they want to list their business on the ASX.

f.

Four members of the RD family wish to establish an investment business, with the proviso that additional family members can be admitted as they reach the age of 18 years.