A partnership with five partners is operating a shoe factory and retail outlets in five big cities. The demand for the firm’s products has increased considerably, but it does not have the capacity to produce demanded quantity. For expanding its operations, the firm needs more capital, manpower and machinery. For this, the firm can admit new partners or convert partnership into a public limited company.
Which alternative will you suggest and why
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It should admit new partners as the profit share will be less but atleast they will have some share but if they make it a public limited company then their share will be much less
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