Chikhosi Ltd. is a small partnership that has been in business for several years. The partnerships founders, John and Jane have invested equally in the business and have been profitable for the past few years. Nonetheless, the founders have noticed that their competitors are growing rapidly and want to ensure that Chikhosi Ltd can keep up. Therefore, John and Jane have decided to raise capital by issuing shares to new investors. The only hinderance is that they are unsure of the process and the requirements for incorporation. Hence, they have consulted with you, a company law guru and have determined that the best way to do this is to incorporate their business. a) What legal and financial considerations should the founders consider before proceeding with the incorporation of Chikhosi Ltd.? [15 Marks] b) How can John and Jane ensure that they maintain control of the company after issuing shares to new investors? [15 Marks] c) What are the legal consequences of failure to comply with the incorporation requirements? [15 Marks] d) What are the benefits of incorporating Chikhosi Ltd.? [15 Marks]