Question on Internal Rules 2. Facts: John and his wife Joanne had operated a successful flower growing business on their farming property in Richmond, Tasmania for 6 years. At the beginning of 2018 John was approached by a company that sells flowers across Victoria, New South Wales and South Australia. They encouraged John to expand his growing operations to enable sales of flowers across these three states. John has agreed to the expansion and decides to incorporate a company as he understands that there are a number of benefits in changing his business structure from a partnership to a company but is unclear on the role of the replaceable rules in a company and if he should consider establishing a constitution. He has been advised by a friend that he should consider adopting a constitution instead of relying on the replaceable rules contained in the Corporations Act 2001 (Cth) Required: Please advise John and Joanne on: a. the role of the replaceable rules; and b. the role of a constitutbn for a company c. the ways that a constitution can be adopted and the major limits on the right to alter a constitution once it has been established. Questions on Meetings MacBook Air 5 6 8