Delia the Doctor Delia Passed Her Final Exams and Qualified as a Medical

Essay

Delia the Doctor
Delia passed her final exams and qualified as a medical doctor in 1996,and has worked in the Wellington hospital since qualifying,specialising in heart operations.Delia is married with 3 children who are at secondary school.
She has always wanted to have a medical practice in a country area or small town,as she likes the countryside.She is also not interested in doing any more heart operations.
Delia has seen an advert in the medical journal calling for a doctor to join an existing medical practice in a farming town in the Waikato.While she has not had previous experience in small-town medical practices,she is keen to move.The practice has had a turnover of more than $500,000 a year and is still growing.
Delia is considering either a partnership or a company form of business.
a Advise Delia which you think is best for her,stating 3 reasons relating to her circumstances.
b Explain to Delia what GST is,and state 3 responsibilities in regard to GST that she will have if she becomes an owner of the medical practice business.