Question

limitation of sole trade.

Answer 1

Limitations of sole proprietorship:-
1). unlimited liability
2).limited capital
3). not effecient management
4). Low expectancy of expansion due to death of owner.
5). small business
6). High risk


etc are the limitations of sole proprietorship.
I just gave heading just write your own views in explanation.

thanks.

Answer 2

1.you have unlimited liability for debts as there’s no legal distinction between private and business assets
2.your capacity to raise capital is limited
3.all the responsibility for making day-to-day business decisions is yours
4.retaining high-calibre employees can be difficult