Sole Traders

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  • Created by: Rachelle
  • Created on: 24-04-13 13:37

Sole Traders

Advantages

  • Few legal regulations
  • Control
  • Freedom
  • Contact with customers
  • Secrecy
  • Profits kept

Disadvantages

  • Lack of discussion partners
  • Limited finance sources
  • No specialist help
  • No expansion
  • Firm legally dies with owner
  • Unlimited liability

Evaluation

Owned and operated by one person.
Can employ people.

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