Owner is hands-on to provide a personal service, An advantage, Owners get to keep all of their profits, An advantage, Easy to set up because you do not need to complete lots of legal paperwork, An advantage, Can make all of the decisions, An advantage, Can decide which hours to work and when to take holidays, An advantage, No-one to consult or share ideas with, A disadvantage, Difficult to take time off for holidays or if off ill, A disadvantage, Hard to raise the amount of capital needed to start up the business, A disadvantage, Unlimited liability, A disadvantage, Plumber, joiner hairdresser, Examples of a sole trader, A business owned by one person, Sole trader
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Sole Traders
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Missmcgeorge
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