Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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1. You and your friends David and Alexis are thinking about opening three cafés in Adelaide based around a theme (you can select your own theme if you wish)
You have all identified the locations you want to have the cafes.
You have offered to write a report on the most suitable business structure.
David and Alexis would like to manage one of the cafes each and if you want to manage the third café you can but if you do not want to manage the third café their friend Stevie will be happy to manage the third cafe. Stevie has no money so she is unable to invest in the business.
You all believe you need a total investment of $300,000. David and Alexis can contribute $50,000 each and you can contribute the remaining amount of $200,000.
Consider the situation above, prepare a report for your next meeting with David and Alexis, making sure you address the following questions:
Compare and contrast
i) Contrast the suitability of each business structure for your business..
ii) Identify the advantages and disadvantages of starting/investing in the business based on the two business structures.
2. Considering the inclusion of Stevie as a manager of the third café discuss the advantages and disadvantages of including a restraint of trade clause in any contract you may offer Stevie and explain what would be included in the restraint of trade clause.
i) You must then include an example of the restraint of trade clause you want included in her contract.
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