Question

Explain two advantages of converting sole proprietorship into a joint stock company

Answer 1

Answer:She will be able to acquire the funds required for expansion of her retail chain branches countrywide through share capital in a Joint Stock Company. (ii) Public has more faith in a Joint Stock Company than in a sole proprietorship firm which will help in increasing the customer base for Kiran's business.

Explanation:

Answer 2

Answer:

See below

Explanation:

1) She will be able to acquire the funds required for expansion of her retail chain branches countrywide through share capital in a Joint Stock Company.

2) Public has more faith in a Joint Stock Company than in a sole proprietorship firm which will help in increasing the customer base for Kiran's business.