what is sole trade explain its features short answer
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Features of being a sole trader
has fewer formalities and costs in setting up the business.
has full control of the business.
receives the full benefit of profits made by the business.
keeps all of the after-tax gains if the business is sold.
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Answer:
“A sole-trader is a person who carries on business exclusively by and for himself,he is not only the owner of the capital of the undertaking, but is usually to organise and manage and takes all the profits or responsibility for losses.”
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