In this assessment, you are expected to assume that your group is going to start a new business activity Students have complete discretion in selecting a business activity and deciding the details of the activity Once you have chosen a business activity, you need a Report that addresses the following questions Introduction to the business activity In this section, you need to describe the name of the business, nature of the business, purpose, type of industry, how much capital is required, expected start up cost, the number of owners, kind of control expected by the owners, location, whether renting or buying premises, online presence, number of employees, nature of customers, and any other relevant information What are the legal risks involved with this business, and what is the most serious risk How to avoid minimise the risk selected In this section, you need to list the legal risks that you have identified for the business discussed in section 1 You must determine the most important risk that must be addressed and explain why that particular risk was selected (Refer to Chapter 14 for further information) Most appropriate business structure for the business activity You need to identify the best business structure that can be used to carry out the business activity You must explain why the particular structure is selected by explaining the advantages and disadvantages (Refer to Chapter 15 for further information) Assume that you are thinking of getting someone else to do work in your proposed business on your behalf What are the legal risks involved in doing so How would you minimise such risk (Refer to Chapter 10 for further information) You need to identify the relationship between you and the third party acting on behalf of you and then discuss the legal risks involved Then suggest how to minimise mitigate the risk by adopting practical legal measures James, N , Thomas, T 2022, Business Law, 6th Edition, John Wiley Sons Australia Available from vbk 9780730391876

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In this assessment, you are expected to assume that your group is going to start a new business activity. Students have complete discretion in selecting

In this assessment, you are expected to assume that your group is going to start a new business activity. Students have complete discretion in selecting a business activity and deciding the details of the activity. Once you have chosen a business activity, you need a Report that addresses the following questions:

Introduction to the business activity.
- In this section, you need to describe the name of the business, nature of the business, purpose, type of industry, how much capital is required, expected start-up cost, the number of owners, kind of control expected by the owners, location, whether renting or buying premises, online presence, number of employees, nature of customers, and any other relevant information.
What are the legal risks involved with this business, and what is the most serious risk? How to avoid/minimise the risk selected?
- In this section, you need to list the legal risks that you have identified for the business discussed in section 1. You must determine the most important risk that must be addressed and explain why that particular risk was selected (Refer to Chapter 14 for further information).
Most appropriate business structure for the business activity.
- You need to identify the best business structure that can be used to carry out the business activity. You must explain why the particular structure is selected by explaining the advantages and disadvantages. (Refer to Chapter 15 for further information)
Assume that you are thinking of getting someone else to do work in your proposed business on your behalf. What are the legal risks involved in doing so? How would you minimise such risk? (Refer to Chapter 10 for further information).
- You need to identify the relationship between you and the third party acting on behalf of you and then discuss the legal risks involved. Then suggest how to minimise/mitigate the risk by adopting practical/legal measures.

James, N., Thomas, T. 2022, Business Law, 6th Edition, John Wiley & Sons

Australia. Available from: vbk://9780730391876