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SCENARIO Assuming that you and your family members (might be father, mother, sister, brother or any of your relatives) have been doing a Sole Proprietorship

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SCENARIO Assuming that you and your family members (might be father, mother, sister, brother or any of your relatives) have been doing a Sole Proprietorship business separately in Oman for the past 5 years. D to expand your business, you and your family members face difficulties in investing large amount of capital and required skills and experience. Therefore, both of you have discussed and agreed to shut down the sole proprietorship business and start a partnership business. Required: 1. Discuss the advantages and the difficulties which both of you face in the existing business. 2. Present the following report and Discuss to the audience in the class room. a) New Business details b) Vision and Mission of the business c) Nature of business d) Capital investment e) Partners/shareholders details f) Partnership Agreement

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