Case problem: Clariton Antiques Ltd was founded five years ago by four partners. It started as an unincolporated business and has grown slowly and steadily, and has developed a good reputation for selling antique items. It has 2 branches in London and is looking to acquire a building in Birmingham to open another branch.

They would need to raise 0.5 million. They have few loans at presen! and could raise considerably more. It has been suggested, though, that this is the time for the firm to 'go public' and raise the money that way'

You are required to:

1.1- Identify the sources of finance available to;

a) Unincorporated business.

b) Incorporated business

1.2- Assess the implications for using;

a) Internal sources of finance

b) External sources of finance

1.3- Evaluate the most appropriate sources of finance for Clariton Antiques Ltd.