Azra, Banjo and Cody were three university friends. They have decided that they want to implement whatever they have been taught in their Masters In Business Management degree in action. It has been agreed that they will set up a company to manufacture jewelry. Banjo, who is already a multi millionaire has agreed to financein setting up the business.They have approached you to advise themin relation to the following:

1. What is the best mode of doing business;

2.What are the steps that they need to take to incorporate their company;

3.Whether they can all be the directors and what will their duties be towards the company;

4.What will happen in the event of one of the friends death?