Question 2 (20 marks) Steven, Grace and Amanda are siblings. Their father operated a very successful pub and upon passing away, left the pub to them in equal shares. Steven, Grace and Amanda seek your advices as to how they should operate the pub. They all wish to be involved as they have all had successful careers and now would like a new challenge. None of the children have had any experience in operating a pub as they were raised by their mother who had separated from their father while they were still very young and therefore, have not spent much time in or around pubs. They have each accumulated significant wealth during their previous careers in medicine and law and wish to protect this from any risk associated with operating the pub. The pub has operated very successfully in recent years, with a profit in excess of $5,000,000.00 per year. Steven Grace and Amanda have requested that you provide them with two alternative business structures to choose from. Advise Steven, Grace and Amanda, by reference to the information provided, of two business structures and the pros and cons of each. The business structures you may suggest should be selected from the following list:-
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