Sole Trader Flashcards
0
Q
Positives of being a sole trader
A
- Total control
- You keep all the profits
- Make all the big decisions
1
Q
Define sole trader
A
A sole trader is a business that is owned and run by a single individual
2
Q
Negatives of being a sole trader
A
- Unlimited liability
- More of a work load
- Pressure of responsibility
3
Q
Give 3 examples of sole traders
A
- Decorators
- Corner shop
- Decorators
