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What is a function of the sole trader?
Sole trader it means Sole trade agence?
What is the liability of sole trader?
a sole trader has a limited liability. :)
Is body shop a sole trader?
Yes body shop is a sole trader.
Features of private sector?
They are funded by the owners or shareholdersThey have limited liability if they are a limited company such as a LTD and they have unlimited liability if they are a sole trader or partnershipLovee from Mr. Pickles ;)
Why is it easier for a sole trader to obtain a bank loan?
it is not easy for a sole trader to get a loan so easily as the business is new and the bank ownt know if the sole trader will be able to repay the loan.
Characteristic of a sole trader?
the characterististics of a sole trader are: -unlimited liablitity -only one person controls the business which is called the sole trader - financial infomration is only visible for the owner of the business - the sole trader can keep all profit made by the business - it is a unicorporated business
What is a function of a sole trader?
Sole trader it means Sole trade agence?
What is the function of sole trader?
Sole trader it means Sole trade agence?
What is a function of the sole trader?
Sole trader it means Sole trade agence?
What is the liability of sole trader?
a sole trader has a limited liability. :)
How do you set up a sole trader?
advantages of a sole trader
Is body shop a sole trader?
Yes body shop is a sole trader.
Sole Trader unlimited liability?
Sole Traders have unlimited liability. This means if the business goes into debt, the owner is responsible, and has to pay every last pence/cent to pay of the debt. This means that they may have to sell personal possessions i.e their house or their car.
Famous sole trader companies?
Lord Sugar is a famous sole trader in the UK.
What is a sole trader organization?
Sole proprietor
How many people does a sole trader employ?
A sole trader can employ as may people as is necessary
Sole trader disadvantages?
1. unlimited liability- if debt should occur from poor activity of the business the sole trader is responsible for paying it off with their own money, which could result in selling personal belongings. 2. sole trader is 1 person owning and running the business, although they may specialize in what they do e.g. hairdressing, they may not be able to deal with the financial side of running the business. 3. being a sole trader can result in working long hours and can find it hard to take time off when ill or for holidays.
