Anum is business women and the nature of business she runs is sole proprietorship. Almost 5 years ago she started this business with her small investment. She is doing business of small fashion accessories and women items like jewelry, clutches, clothes, handicrafts, makeup stuff. Initially she used to have a very small shop but she worked very hard, her motivation was very high she was determined focused and all these things helped here to make her business successful due to this she was able to open three more branches in Lahore Anum manages all the three branches located in Lahore herself with the support of some helpers. She is involved in all the decisions. All the responsibility of the business is on her. Now she is thinking to change the nature of business to Joint stock Company for better management. She is also deciding to open up new branches of her business countrywide like Karachi Islamabad Faisalabad and many other cities QUESTIONS: (2*4=8 MARKS) 1. What would be 2 of the benefits if Anum remains sole proprietor 2. Explain the 2 major benefits of converting Anums business into Joint stock company 3. What different kinds of legal formalities will Anum have to undergo to if she decides to operate her business as a company 4. If Anum expands her business but doesn’t changes the nature to Joint Stock Company what problems will be faced by Anum in business?
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sorry
I am on Class Xth
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Thats why I am not able to give your answer
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