Simone, a qualified jeweller, has decided to create her own range of rings and bracelets. Her dad suggests that he renovate the garage to suit her needs ,and he gives her some start-up capital to buy the necessary equipment. Q.1.1 Briefly motivate the type of business enterprise Simone should start. In your answer, provide at least two advantages of this type of entity. Q.1.2 Kevin studied with Simone, and he has approached her about joining in on her business venture. They have been friends since kindergarten and they don’t see the need to have any serious formalities. Kevin has recently acquired a warehouse and suggests that they move the business to that location. You have been approached to advise on the best solution for them in respect of a business enterprise. Q.1.3 Assume for this question only that Simone decides to register a private company. Create a suitable name that reflects the type of company.
Simone, a qualified jeweller, has decided to create her own range of rings and bracelets. Her dad
suggests that he renovate the garage to suit her needs ,and he gives her some start-up capital to
buy the necessary equipment.
Q.1.1 Briefly motivate the type of business enterprise Simone should start. In your
answer, provide at least two advantages of this type of entity.
Q.1.2 Kevin studied with Simone, and he has approached her about joining in on her
business venture. They have been friends since kindergarten and they don’t see
the need to have any serious formalities. Kevin has recently acquired a
warehouse and suggests that they move the business to that location.
You have been approached to advise on the best solution for them in respect of a
business enterprise.
Q.1.3 Assume for this question only that Simone decides to register a private company.
Create a suitable name that reflects the type of company.
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