Mrs.Akinyi Mburu and Mrs.Jerotich Simiyu intend to start a business in the tourism industry. Mrs. Mburu considers a partnership to be the best from of business while Mrs.Simiyu prefers a private company.

Advise Mrs. Mburu and Mrs. Simiyu on the following:

a) The advantages of a registered company over a partnership (14 marks)

b) The advantages of a partnership (6 marks

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