Now that they have a MOST, they need to review the legal structure of their organisation. Sandeep and Sally have Sole Trader ABNs. They are unsure whether this is enough. They will need to employ staff, seek funding through loans or investment, and manage various risks as they develop their technology. They have again asked for your help.
Research the different forms of business registration for an Australian-based businesses.
a. With what you know about UCSmartHealth, what do you believe would be the best structure and why?
Include your assumptions about the business to help explain your advice to them. (Hint: A link in Canvas from week 1 is to an Australian Government website that will help you work through this question).