Assessment Description:

Question One: kate is the owner of a very successful business selling women's shoes. Kate's business is expanding rapidly and she wants to update her business structure from that of sole trader to a more appropriate structure. She seeks the advice of her accountant who tells her that she has a number of options, all of which have advantages and disadvantages. What would be your recommendation to Kate and why? What factors would influence your advice?

Questions two: Myra is the only shareholder and director of Kids Clothes Pty Ltd (Kids Clothes) whic makes cheap children's clothing. The company has 10 employees. In the past Kids Clothes hadoperated profitably, however since 2011 it has been running at a loss. In July 2012 Myra paid herself a large bonus

and then transferred all the remaining assets of Kids Clothes to a new company called Clothing for Kids Pty Ltd. The employees continue to be employed by Kids Clothes. Kids Clothes has no assets and owes each of its employees several thousand dollars in accumulated holiday, superannuation and long service leave entitlements.

• What possible legal grounds might the employees have to claim their entitlements from Clothing for Kids Pty Ltd?

• Could any action be taken against Myra personally?

Your essay must include:

• Reference to at least 2-­-3 case studies from the text book, supporting your argument.

• Reference to the applicable ethical code of conduct with your argument supporting or refuting the code.

• Correct argument essay structure. Refer to the Academic Learning Skills handout on Essay writing.

• Harvard referencing for any sources you use. Refer to the Academic Learning Skills handout on Referencing.

Assessment Submission:

This assignment should be submitted online in Moodle. You are also required to upload a softcopy of your assignment in Turnitin.

• The assignment MUST be submitted electronically in Microsoft Word format. Otherformats may not be readable by markers. Please be aware that any assessments submitted in other formats will be considered LATE and will lose marks until it is presented in Word.

General notes for assignments

Assignments should usually incorporate a formal introduction, main points and conclusion, and will be fully referenced including a reference list.

The work must be fully referenced with in-­-text citations and a reference list at the end. We strongly recommend you to refer to the Academic Learning Skills materials available in the Moodle.