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LAWS20059 LAWS20059 Assessment 1 09-Mar-18

Marks: 40% of the overall assessment for the course Submission: Online via Moodle Format: One file in .doc or .docx (MS Word) format. Submissions in any other file format (e.g. .zip) will be treated as a non-submission. Word limit: Word limits are set out below for each part. Extensions policy The university policy on extensions of time will be strictly enforced. Extensions will only be considered if made via the online system and must be based on medical or compassionate grounds. Any extension application should be made before the due date for submission. Medical conditions should be supported by a medical certificate, and, since students are expected to start the assignment early, temporary or last-minute conditions are usually not grounds for an extension. Professionals are expected to manage their time to meet their obligations, so work or personal commitments are insufficient grounds for an extension. Plagiarism The university’s plagiarism policy will also be strictly enforced. If plagiarism is found, a minimum penalty is likely to be zero marks for the assessment. It could be worse. Your Brief Your overall task is to

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Added on  2021-04-17

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For a long time, she has been advised by a number of people on starting her own business and to make money out of her skill. I would like to tell you that in order to start up your business I can help you; this is particularly from the perspective of selecting the type of business structure you can opt. Based on the history you have, you need to opt between the three business structures of sole trader, partnership and company. Okay, so do you want to work alone and

LAWS20059 LAWS20059 Assessment 1 09-Mar-18

Marks: 40% of the overall assessment for the course Submission: Online via Moodle Format: One file in .doc or .docx (MS Word) format. Submissions in any other file format (e.g. .zip) will be treated as a non-submission. Word limit: Word limits are set out below for each part. Extensions policy The university policy on extensions of time will be strictly enforced. Extensions will only be considered if made via the online system and must be based on medical or compassionate grounds. Any extension application should be made before the due date for submission. Medical conditions should be supported by a medical certificate, and, since students are expected to start the assignment early, temporary or last-minute conditions are usually not grounds for an extension. Professionals are expected to manage their time to meet their obligations, so work or personal commitments are insufficient grounds for an extension. Plagiarism The university’s plagiarism policy will also be strictly enforced. If plagiarism is found, a minimum penalty is likely to be zero marks for the assessment. It could be worse. Your Brief Your overall task is to

   Added on 2021-04-17

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LAWS20059Assessment 1(Student Details: )
LAWS20059 LAWS20059 Assessment 1 09-Mar-18_1
LAWS20059Part 1One of the neighbours in our locality is from Indian heritage, and she makes delicious Indian sweet dishes. For a long time, she has been advised by a number of people on starting her own business and to make money out of her skill. For the purpose of this assignment, I visited my neighbour. The following part covers the detail of the questions put before the neighbour and the answers presented on the queries which were raised. Q. You have been advised by a lot of people on starting up your own business. Have you ever thought about it? A. I am glad that you asked. Yes, lately I have been thinking a lot about opening up my own business. However, I am not sure on how to start and where to begin. I have no legal or business knowledge to go forward with my dream and I feel helpless right now. Q. Would you like me to help you on this matter? To give you a brief insight on the world that lies in front of you. A. Yes, I would be glad. Q. I would like to tell you that in order to start up your business I can help you; this is particularly from the perspective of selecting the type of business structure you can opt. However, I will not be able to help you up on the details of the food business or anything related to the pricing of products. A. Yes, that part I can do easily. But I am not sure on what you mean by type of business structure. Page 2
LAWS20059 LAWS20059 Assessment 1 09-Mar-18_2
LAWS20059Q. There are different business structures in the nation, which a person has to select, before they start up their business. These business structures are unique and come with their own characteristics, which results in certain advantages and disadvantages. The choice of business structure is crucial as changing the business structure later on is a difficult task. More importantly, an improper business structure could result in issues being raised, which could have been avoided by selecting the correct business structure in the first place. Based on the history you have, you need to opt between the three business structures of sole trader, partnership and company. However, I need to know what your requirements are before any particular business structure could be shortlisted for you. A. I have not given any thought about it. But I would like to keep everything simple.Q. Okay, so do you want to work alone and would you like to have some other people sharing the control with you?A. I am not sure if I will be able to control the entire business alone. I would thus like to take help from my family members, but would want to keep control within my family only. Q. Do you have any other requirements or parameters which you have in your mind and would like to be fulfilled in this business?A. I am not sure but I just want to keep everything simple. I do not want a lot of legal hassle or requirements to be fulfilled. What business structures do you think would suit my requirements? And could you explain to me the different features of the structures which are present in our country?Page 3
LAWS20059 LAWS20059 Assessment 1 09-Mar-18_3

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