Advise the consequences on whether to commence the business as i) Partnership; or ii) Incorporate a company

Bala is an expatriate from Maldives working in Singapore since 2016 December.
Due to requirements of his job, he had to travel to South East Asian countries for
40% of his time. Based on his projected schedule for the year, he will be likely to
travel to outside Singapore for about 113 days on business trips.”

He has a plan to open a small manicure salon but without giving up his employment.
He have a close friend, Raj with a similar interest to run the business and he has
proposed to give him a gift of 15% interest in the business. The purpose is to induce
him to run the business profitably.

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Advise the consequences on whether to commence the business as i) Partnership; or ii) Incorporate a company
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a) Advised the consequences on whether to commence the business as
i) Partnership; or
ii) Incorporate a company

b) The tax consequences of the gift of 15% and suggest an alternative.