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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
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 Woolworths 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 Woolworths, 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:
- This part should include the following:
- Identify and describe the 3 main business structures which are used in Australia; and
- Describe the key legal differences between the business structures and the main legal benefits and disadvantages of using each business structure.
Part 3:
- In the last part, you must evaluate each business structure which you explained in Part 2 of the report to provide advice. You must advise whether Woolworths is using the most appropriate business structure. (If you think the business is using the most appropriate business structure, you must explain why. If you think another business structure is more appropriate for the business, you must explain why).
*Include any references and relevant laws (ex: Corporations Act) you use to support your ideas.*
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