Sole trader

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  • Created by: Jazzy4949
  • Created on: 01-06-16 17:49

Sole trader

Advantages

  • You are on your own
  • You can decide things quickly
  • Easy to set up
  • Keep all the profit
  • Make your own decisions

Disadvantages

  • Unlimited liability
  • May lack finance
  • May nto have all the skills required
  • Difficult to take a holiday

Evaluation

Owned and managed by one personYou do not need to register with a government or fill in formsAll you have to do is start trading Sole traders can employ other people

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