test 2

Question 1

what is a sole trader?

Answer 1

when first starting out in business, the chances are that you will set up in business by yourself. this type of business is called a sole trader

Question 2

what are 3 advantages of being a sole trader

Answer 2

1.the owner keeps all the profits

2.The owner makes all the decisions eg who to employ, where the business will be located.

3. it is easy to set up