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Michael, Adele, and Quinn are siblings. They have inherited $1,500,000 from their grandparents. Michael is a medical doctor; Adele is a qualified accountant with IT

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Michael, Adele, and Quinn are siblings. They have inherited $1,500,000 from their grandparents. Michael is a medical doctor; Adele is a qualified accountant with IT skills; and Quinn is medical laboratory scientist. The three of them are interested in owning and running a jointly owned healthcare business. Advise them on the available business structure options they can choose to actualise their business aspirations. Discuss the comparative advantages and disadvantages of the business organisation options you consider available to them

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