FRANCHISE OWNERSHIP STRUCTURES

1. Sole Traders

·         Advantages of sole traders

·         Disadvantages of sole trader

·         Summary

2. Partnership

·         Reasons for forming a partnership

·         Choosing the right business partner

·         The Partnership Act

·         Formation of a partnership

·         Taxation Law

·         Minors as partners

·         Advantages of partnerships

·         Disadvantages of partnerships

·         Limited partnerships

3. Corporation

·         Concepts of separate legal entity

·         Concept of limited liability

·         Types of companies

·         Incorporating a company

·         How a company operates

·         Management of a company

·         Advantages of companies

·         Disadvantages of companies

·         Why form a company

·         ASIC

4. Trusts

·         Types of trusts

·         Creating a trust

·         Operating as a trust

·         The family trust

·         Discretionary Trust

·         Advantages of trusts

·         Disadvantages of trusts

·         Dealing with trusts