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QUESTION 5 a. Describe how a company can have perpetual life. (5 marks) b. Compare the advantages of a partnership structure over the sole trader

QUESTION 5

a. Describe how a company can have perpetual life. (5 marks)

b. Compare the advantages of a partnership structure over the sole trader structure. (5 marks)

c. Explain why it is important to have a partnership agreement specifying the arrangement for allocating (sharing) profits between the partners. (5 marks)

d. Explain the disadvantages of the company structure compared with other entity structures. (5 marks)

END OF ASSIGNMENT

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