Read the following facts and answer the questions that follow using lLAC: Jack, John, and Pam are university friends and decide to go into business in Auckland after leaving university. They, have, on an informal basis, already started a sports equipment business. They are currently running this business from Jack's back yard. Business has picked up rapidy and they are now considering moving to the next level. They are considering nrnntng the business either as a partnership or as a company. They know that you are a student of Lat-rr of Business Organisations and they have approached you for advice. Specicaly, they seek your advice on the fotlowing: 1) They need you to recommend the better business option to them, given their circumstances. REQUIRED: Using ILAC tissue, Law. Application, Conclusion]. advise Jack, John. and Pam, taking into consideration and discussng each of the specic areas of interest which they have enquired on. Refer closeiy to and riscuss the relevant case lat-rr and the relevant sections of the Partnership Act 2019 and the Companies Act 1993 to support your