For this question, how can I provide 2 advantages?

Yee Tak has been working as a civil engineer since the age of 23. He is now 30, single, in mid- life crisis and wishes to start his own business. With the help of a friend he has prepared a budget for this coming year and is projecting a taxable income of $50 000 for the year. He expects his income will grow by approximately 5% each year for the next 5 years.

For scenario:

1. i)Recommend the most tax effective business structure. Explain in words and use calculations to explain why you have selected this structure.
2. ii)Provide and explain two advantages for your recommended structures in part i). (Ensure the advantages that you recommend are different between the structures)