You serve as a consultant to new business owners. Your friend, Andrew, needs help in deciding which legal form of ownership is best for him. Andrew intends to run the business as a sole proprietorship in U.K but is considering a partnership. He does not want the cost or hassle of doing business as a corporation. You will need to evaluate possible legal forms of organisation, debate the alternatives, and make recommendation.
Prepare a 2000 word report explaining your findings. The report should cover the following areas:
• Explain the different forms of business organisations available.
• Explain the law relating to Sole traders and Partnerships.
• In conclusion, advise your client regarding suitable forms of business organisation.
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