TASK 1
Discuss the best form of business ‘set up’ for your café.
You will need to analyse the options: sole trader, partnership or proprietary limited company by looking at the appropriate
legislation (if any) and analysing the advantages and disadvantages of the business model you decide upon.
[5 marks]
TASK 2
Assuming you decide to operate the business under a name other than your own briefly describe the appropriate steps to get that name
registered.
[2 marks]
TASK 3
Your best friend Adam wants to join you in this business venture by investing half of the capital required to set up the cafe. This
would save you from borrowing more money with interest from the bank.
With what form of business strategy or model can you best accommodate his generous offer?
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