Question 4 Tracey is running a local Tears & Repairs clothes mending shop on her own. She has recently diversified into making hospital scrub outfits and now also makes re- useable cloth facemasks for sale to the public. She now has so many orders she needs to expand. Her brother Raymond is eager to join her in the business. They are not sure whether to form a partnership or incorporate the business into a private company limited by shares. Requirement Referring to leading case law and academic authorities, set out in layman's terms to Tracey and Raymond, the advantages and disadvantages of incorporation compared with a sole trader and an ordinary partnership. Advise them on their best course of action in your viewpoint and set out the reasoning behind your advice. Total 25 Marks