Xiaojing, Lance and Nick wish to work together to operate an herbal product business. They have decided to explore unincorporated business structures, in particularly a partnership and a joint venture.
Prepare a consultative report that critically analyses:
The key features of a partnership as compared to those of a joint venture
Legislation applicable to both the partnership and to the joint venture
The differences between the two business structures
The advantage and disadvantages of each method of business organisation
Your report should give a recommendation, supported by appropriate explanation for choosing either a partnership or a joint venture as the most suitable structure.
Produce a Word document between 1000-1500 words.
A live Collaborate web-conference will be held during Module 4 to allow for a verbal presentation of the consultative report.
Each student will have 5 minutes to present a summary of their consultative report covering the matters listed above