Samantha and two friends have decided to purchase a local craft business.The purchase of the craft business and associated stock will cost in the vicinity of $180,000 and Samantha and her friends will contribute different amounts of money.

Samantha has approached your firm seeking advice on what business structure would be best suited for this venture.

Your advice should include a reference to relevant legislation and where appropriate case law.Your advice should also include a discussion on the obligations of partners and directors' duties.