Test 1 Flashcards

(3 cards)

1
Q

sole trader number

A

one

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2
Q

set up formalities for a sole trader

A

cheap, fast and easy. if traders name, there is no reason to register a business name, you must register a business name. If business name, you must register

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3
Q

legal entity

A

can sue and be sued, can own property in own name

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