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"Sole trader, good or bad??"

A review of Sole Trader by Oxfrd UniStudnt - Friday 20th of February 2004

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Sole traders are individuals that own small business e.g a corner shop.
There are advantages and disadvantages.
The main advantage is that, it is flexible and there is freedom on the desisions you make
The man disadvantage is that it has UNLIMITED LIABILITY ( the owner may need to sell some of his/hers personal possesions to help pay off company debts.)

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