Mary is a nurse at the Perth Public Hospital (PPH). Mary's husband, Wayne considers himself an entrepreneur and is always looking for a business opportunity. Wayne's friend Frank works as a 'Fly-in-fly-out' worker and has found a supplier in Thailand who makes hospital products including face masks and hand sanitiser. Wayne identifies a business opportunity to buy face masks and hand sanitiser from the Thailand supplier that Frank has contacted and sell to hospitals in Perth. Wayne encourages Mary to identify sales opportunities through her hospital contacts. PPH is one of four hospitals in Perth. By the end of 2019 Wayne has been able to obtain regular supplies from Thailand and has contracts with three of the four Perth hospitals, including PPH, to supply the face masks and hand sanitiser.

Question 1: Mary, Wayne and Frank decide to set up a partnership. Advise them of what they need to do, and the advantages and disadvantages of this form of business structure. [5 marks]

Question 2: What may be an alternative form of business structure that could be preferred for Mary, Wayne and Frank's business? Justify your recommendation. [5 marks]