Ka, Yi, Leung, Harry and Meaghan are students studying business at RMIT University. They believe that they have a great business idea, which they wish to develop together. However, they are not sure what type of business structure will best suit their purposes.

Required:

Discuss two alternative business structures that are available to them and outline the advantages and disadvantages of each.

6 marks. Please finish in under 90 minutes, Thank You!