1. Explain the difference models of business set up i.e. Sole Trader, Partnership, and corporations. What are the advantages and disadvantages of a Private limited company (LTD) and Public Limited Company (PLC).

2. Regardless of what business model one sets up to operate a business, there is always the issue of financial burden to run or grow the business. Explain the various ways the following business models can raise capital to run or grow the business:

a. Sole Trader

b. Private limited liability company

c. Public Limited liability company