You have just joined a firm of accountants. One of your clients is Jake a plumber. Jake would like to know how best to organise his business. He tells you that he is a qualified plumber. He has several customers, and he may have to ask other plumbers to help him with upcoming large contracts. He has a lease agreement on a work vehicle and some expensive plumbing equipment. He has also just purchased his own home and paid the deposit and now has monthly mortgage payments. His business operates from his home. You are required to: (a) Prepare a brief outline advising Jake on whether to continue as a sole trader, or form a partnership, or form trading trusts or register a company. Advise him on his options and identify the advantages and disadvantages of each option. (1000 words) (b) Advise Jake on the advantages of separate legal personality. (250 words) (c) Advise Jake on the duties of a director of a company. (250 words)