Consider the position of John, Azina and Mike described in the case study earlier in this chapter. Assume that they decide to explore the possibility of transferring the business to a limited company. Required Looking at the information in Chapter 2 and the ideas introduced above, advise John and Azina of the advantages and disadvantages of transferring to and trading as a limited company. The position of

(a) the business

(b) John and Azina

(c) Mike Cowley should each be explored separately. Try to think of all the issues raised by the decision and not just control issues.