sole trader


	sole trader
	Advantages it is extremely easy to setup a sole trader so little time is wasted the entrepreneur has all the say in any ideas regarding the business. they make all the decisions themselves which means that there are no conflicts of interest. don't need a lot of finance to start up the business	Disadvantages the sole trader has to work extremely hard and might have to work long shifts. unlimited liability-this means that the sole trader is personally liable for all their business debts, so their personal belongings could be taken away. difficult to finance
	Evaluation

it is extremely easy to setup a sole trader so little time is wasted
the entrepreneur has all the say in any ideas regarding the business. they make all the decisions themselves which means that there are no conflicts of interest.
don't need a lot of finance to start up the business

the sole trader has to work extremely hard and might have to work long shifts.
unlimited liability-this means that the sole trader is personally liable for all their business debts, so their personal belongings could be taken away.
difficult to finance

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