Alex, Brad and Charlie were childhood friends who all recently qualified as landscaping tradesmen. Alex...

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Accounting

  1. Alex, Brad and Charlie were childhood friends who all recently qualified as landscaping tradesmen. Alex is single, Brad is married with two young children and Charlie has just started dating someone from the U.S. Rather than establish separate businesses competing with each other, they decided to team up and form an entity offering their services together. They are currently deciding between a partnership and private company structure. What specific advantages does a private company offer to the three friends over a partnership structure?

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