Greg cumently operates his business as a sole trader. Recently he failed in his request to his
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Question:
- Greg cumently operates his business as a sole trader. Recently he failed in his request to his bank for additional finance because he had no substantial assets to offer the bark as security.
Which of the following courses of action is available to Greg
A. Greg can obtain the additional finance as a sole trader by offering a floating charge to the bank
B. Greg can find a partner to contribute the additional finance as capital and can share management decisions with the partner
C. Greg can form a company, Greg Ltd, then raise the additional finance by offering its shares to the public at large
D. Greg can form a company, Greg plc, but to raise additional finance the company must be listed on the London Stock Exchange
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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