topic B

Sole trader

These are the sole owners of the business. As they are not employed by a business they are classed as being self-employed.

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Why would someone want to became a sole trader?

Someone would want to become a sole trader because as a sole trader you get to keep all of the profits and you are your own boss

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Where can the capital to set up as a sole trader could come from?

Your own savings, A bank loan or From family and friends

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What can the capital raised from becoming a sole trader be used for?

buying equipment,Buying stock or Advertising

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If you are a sole trader what task will you need to perform?

Paying the bills, looking after the finances, keeping track of stock,

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Other cards in this set

Why would someone want to became a sole trader?

Someone would want to become a sole trader because as a sole trader you get to keep all of the profits and you are your own boss

Where can the capital to set up as a sole trader could come from?

What can the capital raised from becoming a sole trader be used for?

If you are a sole trader what task will you need to perform?

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