Advantages and disadvantages of a sole trading business

  • Created by: Nabeel333
  • Created on: 18-06-15 07:25
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  • Advantages of a sole trading business
    • The owner has complete control of the business eg. Assests, resources, workers etc.
    • Doesn't cost much to startup
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  • Disadvantages of a sole trading business
    • Sole traders have full reponsibility of the business which can be difficult to handle
    • Difficult to raise money and expand
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