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Ollie, Tim and Pete run a successful marketing partnership and now wish to incorporate for several reasons including limited liability. However, Ollie, Tim and Pete are unsure as to which type of company they should register. On the one hand, Ollie says that a public company would give them access to enhanced capital raising. On the other, Tim and Pete think that they could lose control of their business if they opt for a public company. Question: Advise Ollie, Tim and Pete as to the advantages and disadvantages associated with either type of company. Make sure you advise with respect to Australian company law only (10 marks)