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Sri Lanka Institute of Information Technology Read the following case study and write the answers to the question (a) and (b) Megan and Segan run

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Sri Lanka Institute of Information Technology Read the following case study and write the answers to the question (a) and (b) Megan and Segan run apparel manufacturing businesses together, operating as a partnership. Their partnership's legal name is Mega a Segan's Apparels. They have formed a good relationship over the years and are now thinking of expanding the business to cover more locations around the country. They have found it is quite tough to raise funding to expand the business, however, the two friends have decided that if they can start a company with some other investors and issue shares to the general public, they might be able to raise fi more effectively. Megan and Segan have come to you for advice as they are still contemplating converting the business to a company. (a) Identify the form of business that you suggest for Megan and Segan? (02 marks) (b) Identify four (04) advantages and four (04) disadvantages of your decision. (08 marks) I ini

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