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sole traders work alone and by this all profits will be taken by him there are no partners , sole traders are in unincoprative businesses so they have no limited liability so the owners private are not seperate from the business so if he did not give money to a creditor or did not pay the debt the creditor has the right to press charge on him and make a case , so the owner will have to start sellling hi personal properties .
What else can I help you with?
What are the three main types of business organisation?
1.Sole Proprietor or Sole Trader 2.Partnership 3.Corporation or Company
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
Is Guinness a sole trader?
No.
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. :)
How do you set up a sole trader?
advantages of a sole trader
Is body shop a sole trader?
Yes body shop is a sole trader.
What are the three main types of business organisation?
1.Sole Proprietor or Sole Trader 2.Partnership 3.Corporation or Company
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.
