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QUESTION TWO [80] 2.1 William and Harry are recent graduates with a Bachelor of Commerce in Accounting. They are best buddies and have always planned

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QUESTION TWO [80] 2.1 William and Harry are recent graduates with a Bachelor of Commerce in Accounting. They are best buddies and have always planned to get into business together. As a result, they have decided to register a business under the name of WH ALL SORTS PTY (Ltd). 2.1.1. Determine what type of company is contemplated by William and Harry and explain the requirements for the establishment of this type of company. (8)

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