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· They are small businesses, so less money is required to set them up.
· The owner is in sole charge so quick decisions can be made without having to get others.
· The owner gets to keep all of the profits; they don't have to be shared with others.
· Financial information can be kept private.
· Quick and easy to start
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∙ 14y ago
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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.
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
What are the advantages and disadvantages of a sole trader taking on a partner?
Advantage : There are more persons to share the risk and contribute capital. Disadvantage : You lose total ownership.
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
How do sole trader provide employment?
Sole trader owns the business solely. It order to make the business survive he needs employees for his business. That means sole trader provides employment to society.
