Question

Tiny tom works for a large firm but is unhappy in his job. He feels that his skill could be used to his own business repairing farm machine. What problems might arise if the new business in run as a sole proprietorship?​

Answer 1

Answer:

If Tiny Tom takes up doing his own business through a model of a sole proprietorship, the main issues that he would face are – lack of funding and the risk of liabilities.

Explanation:

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