Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:
  1. Identify and describe the 3 main business structures which are used in Australia; and
  2. 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.*

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

17th Edition

0077304454, 978-0077304454

More Books

Students also viewed these Accounting questions

Question

10. What is meant by a feed rate?

Answered: 1 week ago

Question

Evaluate the impact of unions on nurses and physicians.

Answered: 1 week ago

Question

Describe the impact of strikes on patient care.

Answered: 1 week ago

Question

Evaluate long-term care insurance.

Answered: 1 week ago