sole traders

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  • Created by: jrnjrkvv
  • Created on: 14-03-22 10:07

sole traders

Advantages

  • owner keeps profits
  • owner has full control
  • simple to set up
  • small: can offer more personal services
  • can qualify for gov help

Disadvantages

  • unlimited liability
  • risky so its harder to raise finance
  • independance (if sick)
  • doesnt benefit from economies of scale
  • owner works for long hours and harder

Evaluation

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