As a sole proprietor, what is her best option to obtain additional capital to expand and yet retain control of the business? Why?

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As a sole proprietor, what is her best option to obtain additional capital to expand and yet retain control of the business? Why?

Question
Inez is a sole proprietor/owner of New Tech, a computer and IT consulting business. Her clients are small to medium sized businesses, colleges, and individual home users. Inez wants to expand her business, buy new equipment, and hire an employee. She needs to obtain additional capital to expand New Tech, but she does not want to lose control of the business. Also, Inez has chosen not to take out any sort of loan or use a credit card to obtain additional capital to expand.

As a sole proprietor, what is her best option to obtain additional capital to expand and yet retain control of the business? Why?

Readings

http://www.saylor.org/site/textbooks/The%20Legal%20and%20Ethical%20Environment%20of%20Business.pdf Chapter 11

A paragraph will suffice, just a discussion question. Answer question thoroughly and cite references.

 

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