Question

Explain three limitations of The sole trade

Answer 1

instakit limitation of any sole trader based business in the issue of Reliability in the case of normal limitation company status builders if the business takes a nobody and tanks Amaze emanated depths then business as a separate Infinity bears the weight of the Dept there is no such divide between you and a business with a sole trader business which is somewhat query if beta retrieve everything where to go wrong and our business where employed horrible you did be totally utterly liable for all the debt incurred.any and all your assests would have to be liquefied to pay off your debt.

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Answer 2

Limitations of SoleProprietorship:

1) Limited Capital can be pooled into the business

2) Unlimited Liablity

3) All Business Operations to be carried on by a single person