Business Studies Sole Traders And Partnerships 2.0 / 5 based on 1 rating ? Business StudiesOwnership and controlGCSEAll boards Created by: Hamza EhsanCreated on: 28-04-11 19:16 Sole Traders Sole Traders: Unlimited Liability Only One Owner Take All The Profits Have To Bear All Losses Do Not Have A Range Of Skills Have To Make All Decisions By Themselves Sole Traders Accounts Are Kept Private They Do Not Get Any Holidays 1 of 2 Partnerships Partnerships: Unlimited Liability Can Have Between 2 And 20 Partners Partners Can Have Arguements Can Share Skills And Ideas Accounts For Businesses Are Also Kept Private Can Have A "Sleeping Partner" Who Just Invests In The Business But Make No Decisions May Have Deed Of Partnership or Profits Are Split 50:50 2 of 2
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