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2 You are working as a summer intern in an accountancy firm. Your manager has instructed you to advise a new client who wants advice on a new business venture that he is thinking of setting up. The client is aware that there are several different options available to him as to the legal form of the business but knows little about them. You are required to draft a report outlining the main legal forms that a business might adopt. Your report should address the relative advantages and disadvantages of each form, addressing issues such as the formation process, the personality of the firm, and questions of liability and publicity and any others you think are relevant.

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