A sole trader is owned and operated by a single individual. This means there is only one owner responsible for all aspects of the business, including profits, liabilities, and decision-making. The sole trader has full control over the business but also assumes all risks associated with it.
Sole trader it means Sole trade agence?
a sole trader has a limited liability. :)
Yes body shop is a sole trader.
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.
how slie trader can raise funds
A sole trader can employ as may people as is necessary
Sole trader it means Sole trade agence?
Sole trader it means Sole trade agence?
Sole trader it means Sole trade agence?
a sole trader has a limited liability. :)
advantages of a sole trader
Yes body shop is a sole trader.
Lord Sugar is a famous sole trader in the UK.
Sole proprietor
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
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.
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.