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The scope of a sole trader is primarily limited to individual entrepreneurship, where one person owns and operates the business. This structure allows for full control over decision-making and profits, but the sole trader is also personally liable for all debts and obligations of the business. The scope can vary widely depending on the industry, ranging from small local services to larger ventures, but it typically involves less regulatory burden compared to larger business entities. Overall, the sole trader model is often chosen for its simplicity and ease of establishment.
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 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. :)
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
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.
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.
