Reference no: EM133212578

Your office has been approached by John and Susan who have been friends since primary school. John and Susan have a business idea that they believe will make both of them lots of money. John is a farmer who produces some of the best vegetables in Victoria. Susan has a degree in marketing and web site design. Both have approximately $5,000 each that they will invest in the business. The business will be called "Veg by Design."

Susan and John plan on attending a range of farmers markets to sell produce and hand out brochures promoting the business. Once they have created market awareness for their products Susan and John plan on operating more as an online business rather than having a physical presence.

Susan has mentioned that there is the possibility that a third person may provide mentoring advice on growing produce and gaining organic certification.

John and Susan would like advice on the best way to structure the business, what each of the parties obligations are and also any of the advantages and disadvantages associated with the business structure recommended.

Your advice is to include references to both case law and where appropriate legislation.