Question:
Who is a sole trader? And what are the advantages and disadvantages of being one?
Author: ellie whiteAnswer:
A person who sets up their own business. Advantages are that it is easy to set up (just register with HMRC, the owner makes all of the decisions and the owner can decide what to do with any profits made. Disadvantages include it is difficult for the owner to take holiday time, the owner has a lot of responsibility and there is unlimited liability.
0 / 5 Â (0 ratings)
1 answer(s) in total