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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.
What else can I help you with?
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. :)
Does a sole trader have unlimited continuity?
A sole trader does not have unlimited continuity because their business is directly tied to the individual. If the sole trader decides to cease operations, retires, or passes away, the business typically ends unless arrangements are made for its transfer or sale. This lack of continuity contrasts with corporate structures, where the business can continue independently of its owners.
Is body shop a sole trader?
Yes body shop is a sole trader.
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.
How many people does a sole trader employ?
A sole trader can employ as may people as is necessary
What is a function of the 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 a sole trader?
Sole trader it means Sole trade agence?
How do you set up a sole trader?
advantages of a sole trader
What is the liability of sole trader?
a sole trader has a limited liability. :)
Does a sole trader have unlimited continuity?
A sole trader does not have unlimited continuity because their business is directly tied to the individual. If the sole trader decides to cease operations, retires, or passes away, the business typically ends unless arrangements are made for its transfer or sale. This lack of continuity contrasts with corporate structures, where the business can continue independently of its owners.
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
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
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.
