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Question 2 [ 20 marks] 1. Name the different types of business forms in South Africa and name one advantage and one disadvantage of each

Question 2 [ 20 marks]

1. Name the different types of business forms in South Africa and name one advantage and one disadvantage of each business form. (15)

2. What is meant by the term unlimited liability? State the business forms with this type of liability. (5)

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