1. Aris and Amy, a married couple, have decided that they would like to turn their...

 

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1. Aris and Amy, a married couple, have decided that they would like to turn their hobby into a business venture. They are keen gardeners and have begun to make floral displays and arrangements for weddings and other events using flowers and plants from their garden. Their plan is to purchase some neighbouring land, which is for sale and construct a large shed on the land which would accommodate all of their equipment and stock. Aris and Amy have a small amount of savings but will need to borrow money from a bank to complete the purchase, construct the shed and fund the start-up costs. They own their own house, have a young family and hope that this business will be successful to enable them to sell within 10 years and take early retirement. Discuss the different business structures available to Aris and Amy to run their proposed business explaining the advantages and disadvantages of each option and advise which type would be most suitable from the information provided. 1. Aris and Amy, a married couple, have decided that they would like to turn their hobby into a business venture. They are keen gardeners and have begun to make floral displays and arrangements for weddings and other events using flowers and plants from their garden. Their plan is to purchase some neighbouring land, which is for sale and construct a large shed on the land which would accommodate all of their equipment and stock. Aris and Amy have a small amount of savings but will need to borrow money from a bank to complete the purchase, construct the shed and fund the start-up costs. They own their own house, have a young family and hope that this business will be successful to enable them to sell within 10 years and take early retirement. Discuss the different business structures available to Aris and Amy to run their proposed business explaining the advantages and disadvantages of each option and advise which type would be most suitable from the information provided.

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