Sole Traders

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  • Created by: Eleanor
  • Created on: 22-03-13 20:57
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  • Sole Trader
    • Advantages
      • You make all decisions
      • Profits are kept
      • Quick decisions
      • Small start up costs
    • Disadvantages
      • Slow growth
      • Lack of continuity
      • High risk
        • Unlimited Liability
          • Where the owners of a business are responsible for all the debt of the business
      • Difficulties in raising money
    • Are people who run their own business. They have complete control, bear all risks.


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