Consider the following facts:

Mr. Jones and Ms. Smith are app designers and tech entrepreneurs.

Mr. Williams is an experienced investor in start-up businesses.

They all want to be in business together.

Mr. Jones, Ms. Smith and Mr. Williams are all keen to reduce the formality and cost of operating the business to the extent possible.

Mr. Williams will not invest in the business unless he is able to limit his liability to the amount he invests and he is very keen to ensure that he has a simple way of selling his share of the business and realising the value of his investment in due course.

You are Mr. Williams' lawyer.

Please advise Mr. Williams by:

(a)providing a description of 5 main different types of business organisation we have discussed (5 marks);

(b)Explaining which 3 types of business organisation cannot meet Mr. Williams' requirements and why (3 marks);

(c)Explaining which 2 types of business organisation could meet Mr. Williams' requirements and why (2 marks)

(d)Explain which one of the 2 types of business organisation you believe would best fit Mr. Williams' requirements and why (2 marks).