12)Compared to a partnership, what are the disadvantages in carrying on business as a sole proprietorship? (6 marks)

13) Mario Black has, along with two others, formed a corporation to market specialized computer software. Each partner initially purchased ten common shares at $10 apiece, giving the corporation $300 in capital. The company requires an additional $25 000 to operate. Describe three different ways the corporation could acquire that $25 000 and give a brief reason why you would recommend or not recommend each of the ways.(6 marks)