Question

What are the disadvantages of sole Trading concern?​

Answer 1

Disadvantages of sole trading include that:

1. Your capacity to raise capital is limited .
2. All the responsibility for making day-to-day business decisions is yours .
3. Retaining high-caliber employees can be difficult .
4. It can be hard to take holidays .
5. You’re taxed as a single person the life of the business is limited.

Hope it will help uh!! ❤