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Question 3 (Marks:25) There are various forms of legal ownership avallable to South African businesses. Write an essay where you describe and compare sole proprietors, business trusts and co-operative societies as three options of ownership. Instructions and tips: Your answer should be a minlmum of 1 200 to a maximum of 1 500 words. Markers are to stop marking after the threshold of 1 500 words has been reached. Please indicate the word count at the end your answer. An essay requires a clear introduction and conclusion, use of paragraphs and academic tone. Use relevant theory from your textbook (Chapter 3) and additional credible sources. Use correct in-text referencing and include sources in the main bibliography at the end of the assignment. A comparison of the forms of ownership is required, therefore you cannot simply summarise each form one at a time. You can refer to the advantages and disadvantages of each. You MUST use examples of South African businesses to substantiate your answer.

You can include the following considerations as polnts of comparison: legal personality and llabillty, degree of control, potentlal for capital acqulsitlon, legal formalities and taxation, ease of transferability. Refer to the rubric below. Criteria Polnts for Consideration Marks Content of answer All main themes are covered; I Relevant theory is Included; Critical thinking is evident; Comparative analysis is demonstrated; /20 Use of credible sources and relevant examples. Sentence Introduction and conclusion evident; structure, grammar All sentences are well constructed; /5 / and spelling Academic tone maintained; Spelling, grammar and punctuation. TOTAL /25