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    Hi everyone, can anyone please answer this question:
    Explain why it is easier to make bold business decisions if your business is a limited company than if it is a sole trader with unlimited liability
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    (Original post by nourbayad)
    Hi everyone, can anyone please answer this question:
    Explain why it is easier to make bold business decisions if your business is a limited company than if it is a sole trader with unlimited liability
    If you're a sole trader, your personal assets (e.g. Car, house etc.) are at risk if something goes wrong. If something goes wrong with a limited company, you can only loose what you invest (your personal assets aren't at risk) so you've got less to risk.
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    (Original post by MadSpud)
    If you're a sole trader, your personal assets (e.g. Car, house etc.) are at risk if something goes wrong. If something goes wrong with a limited company, you can only loose what you invest (your personal assets aren't at risk) so you've got less to risk.
    Hi! I agree with your point for sure, however the question is worth 3 marks and this is probably1 mark, any idea on how to get the other 2 marks?
 
 
 
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Updated: November 12, 2017
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