Sole Traders 0.0 / 5 ? Business StudiesOwnership and controlGCSEAll boards Created by: Rhys CurtisCreated on: 28-04-16 09:49 What is a sole trader? A sole trader is the name given to someone who runs and owns their own business. 1 of 5 Name an example of a job that might be owned by a sole trader Hairdresser/barber or a dentist could both be owned by a sole trader. 2 of 5 Name an advantage of being a sole trader You get to keep all the profits. You don't have to consult any one on business decisions. 3 of 5 Name a disadvantage of being a sole trader. Unlimited liability. Sole traders can find it hard top raise the funds by themselves. 4 of 5 Does a sole trader have limited or unlimited liability Unlimited liability 5 of 5
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