Explain the difference between an employee and an independent contractor to her Managing Director.

(i) Advise three friends what they should take into consideration when making up their minds if they should set up their business as a general partnership (unincorporated) or as a limited liability company (incorporated).

50% of the marks for the report

(ii) A business associate, who has taken on a new role as Operations Manager of a small business, has asked you to help her to explain the difference between an employee and an independent contractor to her Managing Director.