Gina wants to go into business with her friends and run a travel agency.However,she and her friends have no business experience and they are concerned about the legal and financial requirements of running a small business. Her friends and Gina would like to keep the administrationas simple as possible but want to maximise their profits andmaintain the protection of their personal assets.
There are number of things that Gina and her friends want tok now about setting up their small business such as:what is the most suitable business structure,the typesof insurance that they will need, the potential financial and legal issues that they will need toconsider and who they will need to engage to provide the correct professional advice.
Providebriefanswerstothefollowing: If you were employed by the mas their legal advisor,how would you outline and explain to Gina and her friends the most suitable business structure for their business, the types of insurances they need to consider, where to register their business,the relevant legal issues that they need to beaware of and whos he should engage to ensures he receives the most appropriate professional advice.

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