Junaid has recently been working on a software that would solve car park congestion problems across Brunei. He is now at the stage of setting up his business. He wants adequate control of the business but also would welcome collaborative initiatives with big tech companies. Aware that you are now studying business law, Junaid has contacted you for advice about the business formation he should adopt. He wants you to explain the pros and cons of the different options and whether he needs to follow any process before he commences his business.