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Topic: Business
Number of pages / Number of words: 3 / 825
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No one can share the responsibility and the running business with the sole trader.

3. Developing the business is also limited by the amount of capital personally available and because they are small, banks will not lend them large sums and they will not be able to use any other form of long-term finance unless they change their ownership status...


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There is a problem of continuity if the sole trader retires or dies.

5. There is a risk upon the sole trader because of unlimited liability, where he can be forced to sell personal assets to cover any business debts .

The reasons for being a sole trader are often a balance between business and personal costs and benefits...


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General points of the essay

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