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Aniket runs a coaching center in a market near the north campus of Delhi University. Over the years, his business has gained popularity among the students. He now plans to buy another property to set up a parallel Institute, keeping in view the growing demand. The property owner is giving him an option to induct him as a partner and convert his sole proprietorship into a partnership. This way Aniket will be liable to pay him only half of the price of the property.In your opinion should Aniket accept the offer of the property dealer and change his form of business or not? Justify your answer by giving an explanation of any three suitable points. |
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