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LUGH . WE 1400bETEOD: Queston 1(1his question provides evidence for CILUI) (25 points) Ahmed Hasan wants to open a garage business. He will start the business by providing quick repair and maintenance services. He is planning to open a limited company so that he can attract more investors. Ahmed wants you to do the following: 1.1 Assess the financial recording and reporting requirements of a limited company especially in terms of: legislation taxation, and drawings. (9 points) JESSE Paragraph Styles Adobe Acrobat 1.2 Ahmed was encouraged by his brother to put up a partnership instead of a limited company. Explain the possible reasons why it is difficult to put up a partnership in terms of taxation, possibility of disagreements, and in sharing the profits. (9 marks)