Read the scenario below and answer the questions that follow SIMPHIWE & MMABATHO IT CONSULTANTS (SMC)
Simplstue and Mmabatho want to establish a remation Technology Consultants
business and name it Simphiwe 8 Mmabatho IT Consultants
. They are mindful of the fact
that they will be jointly and severally bable for the debts of the business. They agreed that
each of them will contabule capital, skais and knowledge to the establishment of the
business. In return they all share the profits and losses of the business
431 Identity the term of ownership that is applicable to SEM
(2)
432 Quote THREE characteristics of the form of ownership Identitled in QUESTION 3
from the scetiano above
4.38 Discuss the advantages of the form of ownershwidente in QUESTION 4 31. o
434 Suppose Simphiwe wanted to start his own business without paying double fax
Name the form of ownership that wil be suitable for Simphiwe and justify your
answer
4:35 Advise Simphine on the impact of the form of ownership identified in QUESTION
4.3.4​