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How do you set up a sole trader?

advantages of a sole trader


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 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?


What is the liability of sole trader?

a sole trader has a limited liability. :)


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 are the four types of business organization?

Sole trader Charities Franchiser Private Limited Company


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


List of advantages of a sole trader?

The main advantages of setting up as a sole trader are:Total control of the business by the owner.Cheap and easy to start up - few forms to fill in and to start trading the sole trader does not need to employ any specialist services, other than setting up a bank account and informing the tax offices.Keep all the profit - as the owner, all the profit belongs to the sole trader.Business affairs are private - competitors cannot see what you are earning, so will know less about how the business works and how it succeeds.