Question

How can a sole trader business be expanded?

Answer 1

Determine what form of business organization you prefer. You may choose to remain a sole proprietorship and attract additional funding from lenders, add partners or form a limited liability entity such as a corporation, limited liability company or limited partnership.

Answer 2

Answer:

The moment you agree to do business with someone else and share profits and losses, you have turned your sole proprietorship into a legal partnership, even without a written partnership agreement. You may also expand a sole proprietorship by adding passive investors as limited partners, or by adding owners and either incorporating or forming a limited liability company, or LLC.

Explanation:

✌️ Hope

Its help you ✌️