need help on the following question

question

Breville is keen to start a new business with low risk. His friends, Ben, Gary, and Paul are also looking for a new business. They also want to join the new business with Breville. A main objective of the business is to make traditional foods. Ben has previous experience of working in a busy kitchen, but others have no experience. Breville wants to utilise Ben's experience and keep the business confidential.

After an initial discussion, they all met Jude, a student who studied with them in Lynwood Senior High School. Jude advised them that they should start a syndicate so that they can use their individual skills and knowledge. Gary thinks that it is not a good idea to form a syndicate because he does not have any skill in food products. Ben, however, thinks that they should form a partnership business instead of a syndicate. But Paul does not like the idea of a partnership business since he thinks in a partnership, congestion of management would be a big issue. Paul is, also, concerned about any unpaid investment.

REQUIRED:

1. With reference to sections of the Corporations Act 2001 (Cth), advise Breville whether ideas of his friends are right in their individual ideas on a syndicate and partnership. He specifically wants to know if he needs to focus on a different business structure that will meet his requirements. use citation and Remember to use enough sources and follow AGLC 4 referencing style.

the4-stepprocess,the4stepsare:

• Step1:Introducetheareaofthelaw
• Step2:Discusstheapplicable lawtosolveandquote relevantcasesandthe sectionsofthe

CorporationsAct2001(Cth)whereapplicable.

• Step3:Applythelawto thefactsto resolvetheproblem.
• Step4: Concluded