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Describe what is meant by the separation of ownership and managerial control and give at least two advantages and one disadvantage associated with it. Companies

Describe what is meant by the separation of ownership and managerial control and give at least two advantages and one disadvantage associated with it.
Companies are the best form of business organisation. Do you agree? Present at least four arguments.
Identify the different steps, procedures and requirements that must be followed to incorporate a private limited liability company.

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