a sole proprietor wants to expand his business would you advise him to employ a paid assistant or take a partner give reason for your answer
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rpvsusatnn
लड़कियों cooomme
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A sole proprietor wants to expand his business and for this I would advise him to take a partner.
Explanation:
1. Better at decision making:
The partnership has more owners and more partners means more ideas and more decision. Combined decision is always better.
2. Privacy:
Partnership firm's affairs are confidential strictly among the partners in a comparison with the limited company. There are no shareholders who have right to inspect the company's documents.
3. More capital:
Along with the partners, there are combined capital to be invested in the business affairs and there are more chances to expand the business and ploughing back of the profit.
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