Winston knows that YOU are a student of the University of the Commonwealth Caribbean, and that one of the courses you completed was Company Law. He reaches out to you, regarding a proposed business venture.

Winston was uncertain about starting a sole proprietorship versus a company.

YOU are required to explain aspects of company law to Winston, so he can make an informed decision:

A. Differentiate between an Incorporated Body and an Unincorporated Association, giving examples of unincorporated entities. (3 marks)

B. Explain to Winston, three (3) benefits and three (3) disadvantages of operating as a Sole Trader. Similarly, explain three (3) benefits and three (3) disadvantages of Incorporating a Company. (12 marks)