Edwin, George, and Amanda run a business buying and selling furniture as a partnership. They have been advised by their solicitor to form a private company to run the business. They have contacted you for a second opinion. They are particularly concerned to know:

(a) To what extent their liability for the company's debts will be limited

(b) Whether they will be able to exercise the same control over the membership as with a partnership

(c) The extent to which they will have the same right to be involved in the management of the company, and

(d) The public disclosure to which the business would be subject as a limited company

Discuss the aspects mentioned above, advise them of what choice they should make between the two alternatives, or of any other options available to them.