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Peter Jennings is a successful inventor who has just been awarded a patent in the UK for a new design of portable storage device for

Peter Jennings is a successful inventor who has just been awarded a patent in the UK for a new design of portable storage device for use with ipads. He is looking to set up his own business to manufacture and distribute the portable storage device.

Carry out a thorough analysis of the advantages and disadvantages of setting up his business as a sole trader, a partnership or a limited company.

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