`1.4 Making the Business Effective Flashcards

1
Q

Sole Trader Advantage

A

Easy to dissolve, easy to manage and operate

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2
Q

Limited Company Advantage

A

Easy to register, Clear succession

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3
Q

Sole Trader Disadvantage

A

Unlimited Liability, Raising capital is difficult

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4
Q

Limited Company Disadvantage

A

Shared Ownership, and Shared Profit

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