1. Katharine is a professional dancer, but due to an injury she will no longer be able to continue dancing at the same level. She is seeking legal advice on the possible business structures she can choose between if she decides to open a dance studio.
a. Should Katharine decide to set up a limited company she needs to know the difference between ordinary, preference and redeemable
shares. Explain what these are to her. Which do you consider would be most appropriate in her case?
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