Need and importante of sole trading concern
Answers
Answered by
1
Hey mate ✌️✌️
Sole trade is that form of business which is established by a single individual .He invest the necessary capital ,managers and direct it himself by using his ingenuity and is himself responsible for profit and loss .
FEATURES ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
⏺️INDIVIDUAL OWNERSHIP.
⏺️SOLE MANAGEMENT.
⏺️ UNLIMITED LIABILITY.
⏺️ FREEDOM IN SELECTION OF BUSINESS.
⏺️ SECRECY
✨ HOPE THIS HELPS YOU ✨
Sole trade is that form of business which is established by a single individual .He invest the necessary capital ,managers and direct it himself by using his ingenuity and is himself responsible for profit and loss .
FEATURES ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
⏺️INDIVIDUAL OWNERSHIP.
⏺️SOLE MANAGEMENT.
⏺️ UNLIMITED LIABILITY.
⏺️ FREEDOM IN SELECTION OF BUSINESS.
⏺️ SECRECY
✨ HOPE THIS HELPS YOU ✨
Answered by
6
ANSWER
This means that the business owner will have unlimited liability for any losses or debts that the business may incur. ...
Sole Traders can use a Company Name like any other business.
Generally, a sole trader will need little capital to start their business depending on what equipment is needed
individual ownership
I HOPE THIS INFO HELPS U ☺️☺️☺️☺️☺️
This means that the business owner will have unlimited liability for any losses or debts that the business may incur. ...
Sole Traders can use a Company Name like any other business.
Generally, a sole trader will need little capital to start their business depending on what equipment is needed
individual ownership
I HOPE THIS INFO HELPS U ☺️☺️☺️☺️☺️
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