Does any one a web site that offers help on business studies coursework. Or does any one know all the advantages and disadvantage of a sole trader and partnership.
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Business Studies- Partnership watch
- 09-06-2003 20:42
- 09-06-2003 21:01
Partnership = shared unlimited liability.
- 14-06-2003 21:12
sole trader full control unlimited liability
easy to start less capital then partners
get all profit no one to turn to for ideas
have to do all work
i hope this helps this was a question on AS business studies so its important
- 16-06-2003 11:45
There are quite a few.
Advantages and disadvantages are very similar for the two, except that partnership gives less risk, but less reward as well than a sole trader. Theres the stuff about unlimited liability, and the keeping of profits. Theres also less paperwork to do, and less legal framework.