There are a few advantages and disadvantages of being a sole trader, the main advantage is that you decide where the profit goes, whether you invest it into the business or you keep it yourself....
Yes and no. The idea of the sole trader is that of a single entity, owning and running, carrying all legal and fiscal liabilities for the actions of said business. This would mean that any employees...
· They are small businesses, so less money is required to set them up.
· The owner is in sole charge so quick decisions can be made without having to get others.
· The owner gets to...