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Your friend Alisha is planning to open a restaurant. She is confused and asks your...

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Accounting

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Your friend Alisha is planning to open a restaurant. She is confused and asks your advice. Alisha plans to involve her sister, Roopali, as a manager/partner/shareholder. Alisha does not know whether she should trade as a sole trader, partner or establish a Pty Ltd company. Compare and contrast the following business structures: sole trader, partnership and company. Explain why the company may be the preferred option

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