Business Studies, asked by anushka5036, 7 months ago

write advantage of sole trade business?​

Answers

Answered by queensp73
1

Hello !

Advantage of sole trade business:

  • Sole proprietorships are easy to establish.
  • You can protect the name of your sole proprietorship.
  • There's no limit to the number of people you can hire.
  • You have complete control as the owner.
  • Sole proprietorships are often a stepping stone to incorporation.
  • Personal liability.

Hope It Helps u :)

Answered by priyanshubrainly90
2

YOUR ANSWER

The main benefit of being a sole trader is that you are your own boss and you can dictate the direction of the business. As a self-employed sole trader, you will be able to run your business as you wish. This is perhaps one of the biggest reasons why people leave employment to start their own business.

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