Mary, Rose and Peter decided to start a wellness centre offering massage (Mary), yoga (Rose) and tai chi (Peter). Peter has worked as a CEO of a large company and has felt burnt out for a while, so he is looking forward to this new enterprise. Mary and Rose are both considerably younger with little knowledge of running a business. Discuss the advantages and disadvantages to Mary. Rose, and Peter in forming a partnership or registering a company. Based on this discussion which structure would you recommend and why?