Shikha is a sole proprietor .Over the past decade , her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery , bags , hair clips and nail polish to a retail chain with three branches , she is wondering whether she should form a company to better manage the business .
She also has plans to open branches country wide .
(a) Explain two benefits of remaining a sole proprietor .
(b) Explain two benefits of converting to a joint stock company .
(c) What role will her decision to go nationwide play in her choice of form of the organisation ?