Wagar and Sophia are now in their final year of their studies at University. During their placement year they entered into a partnership together selling herbs and spice mixes to various restaurants and market stalls. They have enjoyed much success and as such are wondering whether they should form a company. Please advise Waqar and Sophia on; 1) a definition of a partnership and a company and how they are different; and 2) the advantages and disadvantages of creating a company; and 3) advise on which option would be better for Waqar and Sophia. business organisation