Assessment Task 2: Assignment Essay
· Word Length: 1,250 - 1,000 words
· Task Weight: 30%.
· Date Due: By no later than 11.59 pm, Sunday 20th. May 2018 (Week 9)
· Task Requirements: The ‘Case Scenario’ on the topic of ‘Business Structures’ will be uploaded on the LMS in week 4.
· Submission online: Assignments must be submitted online via Turnitin available on LMS. No other form of submission, including email, will be accepted.
Assignment Topic - Case Scenario
Susan and Mustafa have decided to go into a ‘Travel Agency’ business together. They will be focussing on providing budget travel and accommodation packages to International Students travelling and holidaying at sightseeing spots all around Australia.
They currently have around $40,000 in assets and intend to take out a Loan of $40,000 from the Bank- to help establish their business.
Their projected income for the first twelve months is around $80,000 but they expect that with a proper and efficient service, their business is bound to grow quickly.
They have hopes that in a short period of time they will be able to attract others to invest and become part owners of the business.
Before commencing their Agency, Susan and Mustafa seek your advice as to the advantages and disadvantages of entering into different types of business.
You are to provide detailed advice and recommendations as to the most suitable and desirable Structure for them, having regard to all relevant matters - including the areas of Asset Protection and minimising Income Taxation Protection.
Students are required to ‘go beyond’ the Prescribed Textbook and to use the Library to locate, assess, analyse and discuss both primary and secondary sources of law.
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