CAPE Entrepreneurship Unit 2 · 2015 · Paper 2 · Question 2(a)

Maxine, an MBA Entrepreneurship student, observes her parents' bakery and advises converting it from a sole trader to a partnership. The bakery must adhere to legal and regulatory standards such as registration, health and safety, taxes, and labour laws. A partnership would bring additional capital, shared risk, diverse expertise, and better decision-making, while staff need training for future expansion.

Using information from the case above, list THREE legal and regulatory requirements the proposed partnership venture must uphold.