DOES TO BE A SOLE TRADER?
Being a SOLE TRADER initially allows you to make your own decisions and apply your ideas without the consent of a partner. Over time, however, it involves many risks and the life of the business is closely linked to the life of the sole trader.
So, is it the fairest and most sensible thing to be a sole trader initially?
Meanwhile, below there are the advantages and disadvantages of being a sole trader.
|
ADVANTAGES |
DISADVANTAGES |
| 1. Easy to set un the business | 1. Unlimited liability |
| 2. Makes all the decisions | 2. May not have business skills |
| 3. Has complete control | 3. May have to work long hours |
|
4. Keeps the profit |
4. Difficult to compete with larger rival firms |
Achille Lodetti Alliata 3G
