Emily and Denice - Case Study - Law Assignment Help

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Assignment Task:

Task:

Scenario:
Emily and Denice decide that they want to start a business together, collecting children from schools and taking them to tutoring, music, sport, dance lessons and other activities after school, then picking

up and dropping the children at home afterwards. They will charge a fee for every collection and drop- off.

Emily and Denice decide that Emily will drive the van and do the collections and drop-offs. Denice will handle the promotion of the business and bookings, as well as dealing with invoicing of parents. They further agree to keep each other informed about major business decisions and meet regularly to go through the books.
Denice finances the majority of the start-up costs of the business, including, renting a small office, buying the van, organising the training and correct licencing and certifications, with a loan from her friend Ryan, of $40,000.
About three months later and after a great deal of hard work and promotion, Denice and Emily have more bookings than Emily can manage. They meet weekly to go over the books, talk about progress and discuss expansion of the business.
Emily and Denice buy a second van and hire their first staff member, Tracy. Tracy’s first few runs go very well and the feedback that Denice gets from parents is very positive.

 

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