Note: Assume you are an advisor in a professional consulting firm and you are tasked by your supervisor to make a report which include the following parts:

Part 1:

• Summarise McDonald's business (including its trading name, location, how and why it is generally used by other people); and
• Identifies the business structure which is used by McDonald's, based on freely available information about the business on the Australian Government's Australian Business Register < https://abr.business.gov.au/> and/or ASIC Connect < https://connectonline.asic.gov.au/>.

Part 2: - IDENTIFY AND EXPLAIN BUSINESS STRUCTURES USED IN AUSTRALIA

• Th report should include the following:

1. Identifies the main business structures which are used in Australia; and
2. Describes each of these business structures, and thekey legal differencesbetween the business structures andthe main legal benefitsanddisadvantagesof using each business structure.

Part 3: - ADVISE WHETHER THE BUSINESS IS USING THE MOST APPROPRIATE BUSINESS STRUCTURE

• In the last part, you mustevaluateeachbusiness structurewhich you explained inPart 2of the report to provide advice. You mustadvisewhetherMcDonald'sis using the most appropriate business structure. (If you think the business is using the most appropriate business structure, you mustexplain why.If you think another business structure is more appropriate for the business, you mustexplain why).

*Include any references and relevant laws (ex: Corporations Act) you use to support your ideas.*