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answer as soon as possible please lan and Susan are recent engineering graduates...

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answer as soon as possible please

lan and Susan are recent engineering graduates and together have designed a portable ultrasound scanning machine. Together, they wish to start their own manufacturing business, bringing the machine to market. (a) They have been advised that they could form a 'Partnership' or a 'Limited Company business entity. Advise lan and Susan of the key differences between the two forms of business entity and their responsibility for any future business debt with both types of entity. [6 marks] (b) They need to raise 50,000 capital for purchase of machinery. They have been advised to 'lease' the equipment as a means of capital raising. Explain to lan and Susan the benefits and drawbacks of 'leasing' as a source of capital raising finance. [4 marks]

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