Business structures need to be set up at the outset and then administered throughout the life of the business. In this part, you need to explain and compare the setup and administration costs and the administrative burdens of sole traders, partnerships and proprietary companies. In this part, you need to compare the liability of partners to the liability of individuals involved in the proprietary company under contracts entered into with outside parties. In this part, you need to compare the duties owed by partners to each other and the duties owed by directors in companies. The purpose of this part is for you to use the research you have done on the business structures to conduct an interview with a real person or persons (pretend clients) who are in a business, or interested in setting up a business. You advise them on the various business structures they might use for their business, and to get their feedback on what factors would be important to them for their particular business.
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