a partnership.
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
Sole trader case study will reveal how this type business is conducted. This is a business which is owned by one person and is commonly referred to a sole proprietorship.
a sole trader enterprise is a business own, operate and control by one person.
A Sole Trader or an Partnership
sole 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
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.
Sole trader case study will reveal how this type business is conducted. This is a business which is owned by one person and is commonly referred to a sole proprietorship.
a sole trader enterprise is a business own, operate and control by one person.
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A Sole Trader or an Partnership
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.
sole A sole-trader.
All assets of the business belongs to the owner
It's called a 'sole trader' business.
1. unlimited liability- if debt should occur from poor activity of the business the sole trader is responsible for paying it off with their own money, which could result in selling personal belongings. 2. sole trader is 1 person owning and running the business, although they may specialize in what they do e.g. hairdressing, they may not be able to deal with the financial side of running the business. 3. being a sole trader can result in working long hours and can find it hard to take time off when ill or for holidays.
A sole trader may take on a partner if he decides to expand his business. Say if a sole trader in electronics believes that there is room in his business for growth and wants to expand but is not sure what to do, then he may go out and look for a partner to help him expand and run the business with him. Partnerships share both the profits and losses with each other whilst running the business.