Zhaoqi, Axzel, Daniel and Nabila are four students studying Business
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Zhaoqi, Axzel, Daniel and Nabila are four students studying Business

CASE STUDY FIVE

Zhaoqi, Axzel, Daniel and Nabila are four students studying Business at RMIT University. They believe that they have a brilliant business idea, which they wish to develop together. However, they are not sure what type of business structure will best suit their purposes.

Discuss the possibility of starting a partnership or private company as business structures under the circumstances and outline advantages and disadvantages of each.

Hint
BusinessA partnership refers to the formal arrangement by two or more parties to oversee and run a business and share its profits. One of the key advantages of a partnership business is the absence of formality equated to handling a limited company...

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