(a) Two benefits of remaining sole proprietor are
(i) Sole beneficiary of profits
(ii) Personal touch
(b) Two benefits of converting in joint stock company are:
(i) Large amount of capital
(ii) Limited liability
( c ) If she plans to go nationwide then she will have to manage her form of business from sole proprietorship to joint stock company
(d) If she plans to operate as joint stock co., she will have to complete many legal formalities such as:
(i) getting certificate of incorporation
(ii) getting certificate of commencement of business, if she plans to operate as public ltd. co
(iii) appoint professional experts, brokers, who charge high fees.
(iv) prepare various documents such as: Prospectus, Memorandum of Association, Articles of Association etc.