`1.4 Making the Business Effective Flashcards
1
Q
Sole Trader Advantage
A
Easy to dissolve, easy to manage and operate
2
Q
Limited Company Advantage
A
Easy to register, Clear succession
3
Q
Sole Trader Disadvantage
A
Unlimited Liability, Raising capital is difficult
4
Q
Limited Company Disadvantage
A
Shared Ownership, and Shared Profit
