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Monika and Joshua run the "No More Bad Hair Day" hairdressing salon, which is prospering

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Monika and Joshua run the "No More Bad Hair Day" hairdressing salon, which is prospering. They would like to expand their premises and staff and ultimately hope to open other salons in different locations.

Provide advice to the partners on the following issues:

a. The advantages and disadvantages of a company in comparison to those of an ordinary partnership.

b. The process the partners would have to go through to create any company.

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