Tom has recently inherited $600,000 from his late mother. He intends to use the money to purchase an empty warehouse in his suburb and use the remaining money to commence an import / export from this premises. He intends to hire at least 25 staff in the first month of commencing operations. He has come to you for advice regarding which business structure would best suit his planned venture and would like to know what initial and ongoing compliance requirements with government regulators he would likely encounter.
Required: Advise Tom in an email formats.