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How can a sole trader raise capital for the business?
ice
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.
Disadvantages of sole traders?
disadvantages are that a sole trader has to do all the bookkeeping, he has to run the business on his own, the business cannot be continued if the owner dies or retires
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. :)
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.
How many people do you need to run a business?
depends weather its a sole trader.
Sole trader case study?
Sole trader case study will reveal how this type business is conducted. This is a business which is owned by one person and is commonly referred to a sole proprietorship.
How do you define sole trader enterprises?
a sole trader enterprise is a business own, operate and control by one person.
How can a sole trader raise capital for the business?
ice
What is an example of an unincorporated business?
A Sole Trader or an Partnership
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.
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!!
What is A business that is owned and operated by a single individual is known as a what proprietorship?
sole A sole-trader.
What are importance of sole-trader business?
All assets of the business belongs to the owner
What is A Business That Has Only One Owner?
It's called a 'sole trader' business.
