question 1 nbspyou and four friends james peter graham and roger have

QUESTION 1
You and four friends (James, Peter, Graham and Roger) have decided to put together a Beatles
tribute show and plan on having it ready for the upcoming Pop Memory Festival to be held in
Adelaide in July this year. As it is your four friends that sing and look like the Beatles they will be the
performers and you will be their Manager. You are investing $10,000 in the tribute show and the
other four $1,000 each.
You have planned an upcoming meeting in which you need t
708395
o explain to them their financial and
legal liabilities relating to either a company business structure or in the alternative a partnership
structure.
Prepare a handout to be given to the four friends that provides them with the key advantages and
disadvantages of each business structure.
You also need to identify 3 key points to be included in a written partnership in relation to financial
contributions and distribution for each person

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