How can a proprietorship or partnership raise funds for expansion?

Question

Quizplus · Accepted Answer

All of these options could potentially generate funds for expansion. Borrowing from someone or an institution willing to lend the funds can provide a lump sum of cash to invest in the business. Reinvesting profits back into the business is a more gradual approach but can still contribute to growth over time. Taking on a partner or more partners can bring in additional capital and expertise to help expand the business. It's important to consider the potential downsides and risks of each option before deciding which one(s) to pursue.

How Can a Proprietorship or Partnership Raise Funds for Expansion