Ben is an Oil Developer and he is a very independent-minded person who likes to run things his own way. He is very hardworking, honest and well organised. Ben has a science degree, in which he majored in geology with most of his topics relating to oil-field exploration and development. He also worked for several years on oil rigs off the North Sea, Ben believes he could make a success with an oil exploration business of his own, although he realises, he would have to raise a lot of money to finance it. Ben is considering either a sole trader or a partnership as form of business ownership with his friend Peter. Peter is a Chartered Accountant and worked for his uncle, Steve Jobs at Apple Inc. for the past 5 years. Peter just inherited $1 billion from his uncle Steve. Required: 1. Advise Ben which of a sole trader or a partnership you think is the best form of business for him, stating three reasons relating to his circumstances. (4 Marks) 2. Discuss three differences between a sole proprietorship and a partnership as a forms of business ownership. (6 Marks) 3. Explain to Ben why it is important to sign a partnership agreement