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1) What are the advantages and disadvantages of being a sole trader compared to a partnership? Explain the difference between a general partnership and a

1) What are the advantages and disadvantages of being a sole trader compared to a partnership? Explain the difference between a general partnership and a limited partnership. 2) Explain agency and how it relates to partnership. 3) How do you distinguish a joint venture from a partnership? 4) Identify the key parties to a trust and explain their roles. 5) How do you register a business name in Australia

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