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Sally has a successful restaurant business in Ashfield, Sydney. She owns and controls thebusiness. She used the profits to buy herself an expensive home in Burwood, a BMW car andan investment property in Chatsworth. Sally wishes to expand her business. Her income andher income tax is rising. Sally comes to you advice. Sally wants to know whether she shouldreconsider the type of business structure she has. Sally has $100,000 dollars to fund theexpansion of the new business but will need a further $300,000 to open the new yum-charestaurant in Chinatown. Sally is currently single, but wishes to marry Tom soon and wouldlove to have children.Advise Sally, with reference to the facts above, what type of business structure would bestsuit her needs. Your answer must offer full reasons for the advice.Your answer must also give full details on the formalities required to implement the advicegiven.

Reference no: EM131358905

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