Business Studies, asked by shresthamilsha, 11 hours ago

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​

Answers

Answered by raunakpandey659
0

Answer:

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Answered by hotelcalifornia
1

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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