Kim and Janet have worked together for two years as hairdressers and have decided to set up their own business called Aurora Hair. Both have been in the industry for more than five years, and both have some relief experience in managing a salon. Kim has managed a salon in the past but resigned due to a disagreement with the proprietor. Both have an extensive loyal client base. They are unsure as to whether to use a partnership, a private company, or a franchisee legal structure in establishing their business. Kim and Janet have sought your expertise and have asked you to investigate the business structure options available and write a business report to explain to Kim and Janet the advantages and disadvantages of each option and provide your recommendation for the most suitable legal business structure to meet Kim and Janet's needs. Would a partnership suite them?
