June is a home-based hairdresser for the past 25 years. As a sole… June is a home-based hairdresser for the past 25 years. As a sole propr

June is a home-based hairdresser for the past 25 years. As a sole… June is a home-based hairdresser for the past 25 years. As a sole proprietor, June’s business has outgrown her home salon where she has to turn away many clients regularly since her salon can only accommodate 3 customers at a me. She has kept the services of three casual hairdressers whom she had trained the past 3 years. Wanng to employ them on a full-me basis, June is considering expanding her salon by leasing a nearby premises. The new salon’s renovaon and shop ouiIng will cost a total of $500 000. Her accountant suggested that, instead of borrowing the money, she sets up her new business as a private company, i.e., private limited company or Pty Ltd. Investors/shareholder will be her close family members and herself with an expected return of investment of 10% per year. IN YOUR OPINION, is that is good move? Explain.Also, what’s the main disadvantage of such a private company compared with her current sole proprietorship? Business Management Human Resource Management MATH 352 Share QuestionEmailCopy link