LAW200 Commercial Law- client’s business information

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LAW200 Commercial Law

Question

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Task:

Task 1 Evaluate client needs

Summarise the client’s circumstances from the scenario that require advice

Task 2 Research and analyse business structures and prepare a report

(a) Before advising Riley and Casey you are required to research different business structures and legal entities (Sole Trader, Partnership, Trust and Company) and their impacts for Riley and Casey’s business. Interpret your research and analyse the impact of legal issues involved in the business structures including the ease of establishment, size, risk and complexity in operation. Your research should include regulation of and practice relating to the following aspects:

1. Business structures and their operation;
2. Legal principles for establishment;
3. Size of structure;
4. Risk implications in the operation of the structure and an assessment of ways risk can be mitigated; and
5. Complexity in operation of the business and tax implications
(b) Collect and collate the client’s business information, evaluate the relevance of your analysis to the client’s circumstances and apply the legal principles you have researched to develop a recommendation to present to the client.

(c) Based on your research, analysis and application of legal principles in Tasks 2(a) and (b) above, prepare a short business report to demonstrate the plan for the new business structure for Riley and Casey. Present your research, analysis and recommendation in your brief Report using the following headings.

LAW200 Commercial Law

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