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