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The question is in this picture Consider the following facts (the facts are the same for each question): Mr. Jones and Ms. Smith are app

The question is in this picture

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Consider the following facts (the facts are the same for each question): Mr. Jones and Ms. Smith are app designers and tech entrepreneurs. Mr. Williams is an experienced investor in start-up businesses. They all want to be in business together as co-owners. Mr. Jones, Ms. Smith and Mr. Williams are all keen to reduce the formality and cost of operating the business to the extent possible. Mr. Williams will not invest in the business unless he is able to limit his entire liability to the amount he invests and he is very keen to ensure that he has a simple way of selling his share of the business and realising the value of his investment in due course. You are Mr. Williams' lawyer. Please advise Mr Williams by : (c) Explaining which 2 types of business organisation could meet Mr. Williams' requirements and why ( 2 marks)

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