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plz answer earlier ,its urgent ,also mention refrence of research in harvard. it should be like a report, it will help me how to write

image text in transcribedimage text in transcribed plz answer earlier ,its urgent ,also mention refrence of research in harvard. it should be like a report, it will help me how to write it in report form. it is work of DUBLIN university , write in context of international law of partnership and tax .

Mary is 35, and has run a successful business as a saddler for the past 10 years. She qualified in London, graduating from college there in 2009. She worked hard in a number of roles for 2 years to save enough money to open her own business. She has 2 part-time employees, Greg and Annette, each working 15 hours perweek. Mary has been so busy running the business that she has nevergiven much thought to other business models. Mary has invested her entire savings in the business. She has also bought a business premises, with a mortgage from Big Bank Limited. The propertywas boughtin 2015, and the term of the mortgage is 20 years. The business also operates a current account, with an overdraft facility. The balance in the account is currently around 8,500 At this point, Mary would like to expand the business, possibly into new markets (countries), and may need new investment to support this Mary is married to Peter. Peter is a successful heart surgeon, and is very supportive of Mary's business. However, he (Peter), has no interest in getting involved on a practicallevel. They do hope to start a family soon, and have had a number of conversations about the future, and their financial security. Mary's best friend Anna recently inherited a large amount of money (approximately 305,000) when her mother passed away. Anna has expressed an interest in becoming involved in Mary's business and possibly investing money in the business. When discussed this in more detail, Anna said that she would be willing to invest up to 50,000 in the saddlery business. However, Anna is a very cautious person by nature. Anna has expressed concerns about protecting her investment, if she did investin the business. Anna is a qualified book-keeper, and hopes to qualify as an accountantin the future. Anna mentioned that perhaps she (Anna) might take a role in the business as financial controller. In the year ending December 2020, the business declared a profit (after tax) of 50,000. Mary is delighted at this achievement, particularlygiven the challenging environment created by the pandemic and the COVID-related restrictions. However, she believes that reducing liabilities, like for example, tax bill, would help herto build up the financial reserved in the business. Reflecting on the past 10 years, Mary has decided thatit istime to considerall aspects of the business, and consider her possible path going forward in light of the successes to date, and future plans. Mary has decided that the possible paths for the business going forward are; (0) Make no change to existing arrangements (ii) Negotiate a partnership agreement with Anna to create a partnership (iii) Incorporate a private company with liability limited by shares, with Mary and Anna as shareholders in the company. However, Maryis unclear on (a) What the advantages and disadvantages of each of these possibilities would be and (b) In the case of (ii) and (iii) above, Marydoes not know what steps would be needed to do either of those things. Please answer ALL of the following questions for Mary. Your answer should take the form of a Report for your client. (a) What are the advantages AND disadvantages of all THREE of the paths set out above? (30 marks). (b) Explain the type of partnership which would best suit your client, and Anna. Explain the elements which should be included in a Partnership Agreement between Mary and Anna, and the reasons for including each element. (25 marks) (c) Explain the steps required to incorporate a private company with liability limited by shares in these circumstances.Detail the legal rules which require these steps to be taken. (25 marks) There are 10 marks available for evidence of reading, research and referencing (HARVARD). There are 10 marks available for structure, presentation, logical flow and use of the English language. Mary is 35, and has run a successful business as a saddler for the past 10 years. She qualified in London, graduating from college there in 2009. She worked hard in a number of roles for 2 years to save enough money to open her own business. She has 2 part-time employees, Greg and Annette, each working 15 hours perweek. Mary has been so busy running the business that she has nevergiven much thought to other business models. Mary has invested her entire savings in the business. She has also bought a business premises, with a mortgage from Big Bank Limited. The propertywas boughtin 2015, and the term of the mortgage is 20 years. The business also operates a current account, with an overdraft facility. The balance in the account is currently around 8,500 At this point, Mary would like to expand the business, possibly into new markets (countries), and may need new investment to support this Mary is married to Peter. Peter is a successful heart surgeon, and is very supportive of Mary's business. However, he (Peter), has no interest in getting involved on a practicallevel. They do hope to start a family soon, and have had a number of conversations about the future, and their financial security. Mary's best friend Anna recently inherited a large amount of money (approximately 305,000) when her mother passed away. Anna has expressed an interest in becoming involved in Mary's business and possibly investing money in the business. When discussed this in more detail, Anna said that she would be willing to invest up to 50,000 in the saddlery business. However, Anna is a very cautious person by nature. Anna has expressed concerns about protecting her investment, if she did investin the business. Anna is a qualified book-keeper, and hopes to qualify as an accountantin the future. Anna mentioned that perhaps she (Anna) might take a role in the business as financial controller. In the year ending December 2020, the business declared a profit (after tax) of 50,000. Mary is delighted at this achievement, particularlygiven the challenging environment created by the pandemic and the COVID-related restrictions. However, she believes that reducing liabilities, like for example, tax bill, would help herto build up the financial reserved in the business. Reflecting on the past 10 years, Mary has decided thatit istime to considerall aspects of the business, and consider her possible path going forward in light of the successes to date, and future plans. Mary has decided that the possible paths for the business going forward are; (0) Make no change to existing arrangements (ii) Negotiate a partnership agreement with Anna to create a partnership (iii) Incorporate a private company with liability limited by shares, with Mary and Anna as shareholders in the company. However, Maryis unclear on (a) What the advantages and disadvantages of each of these possibilities would be and (b) In the case of (ii) and (iii) above, Marydoes not know what steps would be needed to do either of those things. Please answer ALL of the following questions for Mary. Your answer should take the form of a Report for your client. (a) What are the advantages AND disadvantages of all THREE of the paths set out above? (30 marks). (b) Explain the type of partnership which would best suit your client, and Anna. Explain the elements which should be included in a Partnership Agreement between Mary and Anna, and the reasons for including each element. (25 marks) (c) Explain the steps required to incorporate a private company with liability limited by shares in these circumstances.Detail the legal rules which require these steps to be taken. (25 marks) There are 10 marks available for evidence of reading, research and referencing (HARVARD). There are 10 marks available for structure, presentation, logical flow and use of the English language

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