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Sole trading is business, run by single or individual person who control all business

activities.

Another name for sole trading are single entreprenuership, individual proprietorship.

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15y ago

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Related Questions

The similarities between partnerships and sole trading?

sole trading concern partnership and sole trading concern


What is sole trading concern?

single ownership or sole trading concern is run by an individual who enjoys the all profit and bears the all losses


How are the profits divided in a sole trading business?

how are the profits divioded in a sloe trading buisness


What is theTitle of head person in sole trading?

Satan.


Merits of sole trading concern?

less chance of conflict


An example of a sole trader?

Examples could be ;Plumbing sole trading businessesGardenersDecoratorsNews agentsAny businesses that say Limited (ltd.) for short, show that they are owned by sole traders.


What are American trade dollars?

A silver coined issued for the sole purpose of trading in the Orient with China, Korea, and Japan. It is out of circulation.


What is the difference between a sole trader and a private limited company?

It is the difference between proprietorship firm and a company. In a sole trading company, the risk and rewards are unlimited and solely rests with the proprietor. In a limited company, the owner can not lose more than his contribution to the capital irrespective of the size of the loss of the company.


Can you be the sole trustee and sole beneficiary of a trust?

Yes, it is possible to be the sole trustee and sole beneficiary of a trust.


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.


What is a sentence for sole?

The sole of the shoe had holes in it.


What's the difference between Lemon sole and Dover sole?

Dover sole is a single ingredient, whilst lemon sole is a particular dish prepared to a specific recipe. Lemon sole can be made with Dover sole.