0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Disadvantages of being a sole trader?
if the owner of the business ill or goes on holiday they will lose profits
Advantages and disadvantages of being a sole trader?
Advantages of being a sole trader include you being in complete control. You do not have to answer to anyone. You get to keep all of the profits to yourself. Disadvantages include you being on your own. You have all of the responsibility.
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
What are soul traders?
A sole trader is a person who is the single owner of a business, entitled to keep profits after tax, but is liable for all losses.
Who can be a sole trader?
Being a sole trader is the simplest way to run a business - it does not involve paying any registration fees, keeping records and accounts is straightforward, and you get to keep all the profits. However, you are personally liable for any debts that your business runs up, which make this a risky option for businesses that need a lot of investment. Anyone can be a Sole Trader!!
Why a sole trader have to take partner?
A sole trader may take on a partner if he decides to expand his business. Say if a sole trader in electronics believes that there is room in his business for growth and wants to expand but is not sure what to do, then he may go out and look for a partner to help him expand and run the business with him. Partnerships share both the profits and losses with each other whilst running the business.
Is body shop a sole trader?
Yes body shop is a sole trader.
What is the history of the term 'sole trader'?
Sole trader just means you own and run a business or company entirely by yourself and you own it all, of course you hire workers for it but there's no partner with you to split the profits you make because you own it all and it all entirely goes to you.
