Management - You Are Working Assessment Answer
You are working at an accounting firm. Your overall task is to advise clients on legal aspects of possible business structures that could be suitable to their plans – either as a partnership or company. The clients’ circumstances are extremely important considerations.
You should not consider the topic of trusts, as they are used primarily to minimise tax, and tax law is not part of this course. (Assume that the clients instruct you that they’ve had bad past experience with trusts because of the extra administration and accountancy fees that trusts create, and they don’t want to do that again). You should also avoid any advice on tax.
The tax implications of business structures are more complicated than websites suggest, and since tax is not part of this course, you should avoid it. (Assume that the clients specifically instruct you not to advise on tax).
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