Question

Which best explains why a sole proprietor would want a partner?
Responses

to make it easier to raise funds for expansion.
to make it easier to raise funds for expansion.

to take advantage of little government oversight.
to take advantage of little government oversight.

to move into a more favorable tax bracket.
to move into a more favorable tax bracket.

to reduce the number of responsibilities.
to reduce the number of responsibilities.

Answer 1

to make it easier to raise funds for expansion.

A partner brings additional capital and credit resources, making it easier to finance growth (and as a bonus can also share responsibilities).