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_'I'I__'____J _'__ __'_'__ '_'J_' _'_'U' _ __ I__'_'_' F business that produces software for appliances and for machinery used in actories. They sell software, both

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_'I'I"__'_"__"_J _"'__ _"_"'_""'_"_" '_"'J_' _"'_"'""U' ""_ _"_ I_"""_'_"'_"' F business that produces software for appliances and for machinery used in actories. They sell software, both on its own and also ready-loaded onto hardware ppliances, so their sales include both software and hardware. The business has ecome successful, so they have been considering whether they should incorporate, ut they don't know much about it. 'art 1 (10 marks) 'ou need to explain to the clients the benefits of incorporation, and compare it to 1eir risk exposure while operating as a partnership. You particularly need to ddress their potential liability to third parties, and the effect of the corporate shield. 'ou should refer to appropriate cases to illustrate your advice. Since the clients are nly concerned with their external liabilities, you SHOULD NOT address issues of ghts and duties amongst themselves. 'art 2 (5 marks) )n hearing your advice, the clients decide to go ahead with incorporation. You need 3 explain to them how to incorporate and what are the roles of directors and hareholders. DO NOT explain the duties of directors here, since it is explained in 19 next part

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