Sole Traders
- 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
- Unlimited Liability
- Difficulties in raising money
- Are people who run their own business. They have complete control, bear all risks.
- Advantages
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