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Sole Trader PDF

A sole trader is an individual who owns and runs their own business alone, making all decisions independently. Key advantages are full control over decisions and profits, while disadvantages include unlimited liability for any debts or losses and difficulty taking breaks from work. The document provides an overview of what defines a sole trader and lists some pros and cons of being a sole proprietor.

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janvi karnawat
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368 views5 pages

Sole Trader PDF

A sole trader is an individual who owns and runs their own business alone, making all decisions independently. Key advantages are full control over decisions and profits, while disadvantages include unlimited liability for any debts or losses and difficulty taking breaks from work. The document provides an overview of what defines a sole trader and lists some pros and cons of being a sole proprietor.

Uploaded by

janvi karnawat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Sole trader.

By: Janvi Karnawat.


Who is a sole trader?

A sole trader is a person who starts up a


business individually, he/she is working
alone and is his/her own boss. It is quick
and easy to set up.
Advantages of being a sole trader?

1. Own boss.
2. Full control of the business and its decisions.
3. Quicker decision making.
4. Less conflicts.
5. Keeping all profit.
6. Easy to change business structure.
Disadvantages of being a sole trader?

1. Unlimited liability.
2. Very difficult to take time out for breaks.
3. You have to make all decisions independently.
4. Might be difficult to sustain funding.
Thankyou.
By: Janvi Karnawat.

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