Semester 2 2015 SBM3104 Introduction to Law Assignment 2000 words Anil is a new graduate and decided to go into business with his two friends Neha and Suri. They agreed to start a health resort in the Blue Mountains. Neha owns a property which has hot mineral springs and she has agreed to allow the business to operate there in return for 50% of the profits. She is going to be the CEO of the business. Suri is experienced in herbal medicine and will offer herbal therapies for stress and fatigue and depression. She will run the programs that they expect to be running and also sell the herbal remedies. She is to receive 25% of the profits. Suri was involved in another business that was unsuccessful and creditors have demanded repayment from her of $800,000. Anil will be the chief financial officer. He is to receive 25% of the profits. The three of them have been offered finance of $2million to build the resort complex and they intend accepting that offer and hope to be ready to commence trading in six months. They expect that the business will make about $750,000 profit in the first year and will increase to $2.5 million profit in the following year. Advise Anil what business structures are available to him and explain the advantages and disadvantages of these structures. Suggest the best structure for this project and explain why it is most suitable. You should refer to relevant court cases and sections of statutes.