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Discuss advantages of legal structure

Assignment Help Managerial Accounting
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Accounting Advice Homework

Mr and Mrs Dundee have been running a retail souvenir business in Darwin City for three years. They are thinking of expanding their business into the tourism industry and providing boat tours to crocodile infested rivers and creeks around Darwin and outer Darwin region. Mr and Mrs Dundee plan to start off small, with a 10-metre boat fully equipped with safety gear and having a legal carrying capacity of 10 people. Their long-term plan is to offer similar services to outback Aboriginal Communities and employing local people to run the expanding business.

1. Advice on Legal Structure

- Discuss advantages of Legal structure

- Discuss Disadvantages of Legal structure

2. Advice on Ownership Structure

- Discuss advantages of Ownership structure

- Discuss Disadvantages of Ownership structure

3. Recommendation of the most appropriate structure for the business

4. How the business will contribute socially, ethically, and economically to the community.

5. Local or global issues that may impact Mr and Mrs Dundee's decision (PESTLE).

6. Provide advice and recommendations to the owner as to the viability of this business.

Reference no: EM133247270

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