Explain the advantages and disadvantages of the Legal Ownership Sturctures

Sole Trader 1- Advantages- all the profits given to the owner, easy to set up, Owners makes all the decisions Disadvantages- if owner dies business ceases to exists, unlimited liability, invest all the money Partnerships 2-50 peoples Advantages- Shared work load, dont need to invest all the money Disadvantages- if owner dies business ceases to exists, unlimited liability, can conflict with the other owners Public Company Advantages- ownership is easily transferrable, limited liability, unlimited shares, can sell shares on the ASX Disadvantages, complext to establish, and expensive