Can somebody correct my paragraph of business IGCSE level
Explain one disadvantage of starting a business a sole trader?
One disadvantage of starting a business as a sole trader is unlimited liability. This is because a sole trader is only one person who runs and owns the entire business which means if the business fails he/she will be legally responsible for all debts and their personal assets may be at risk of being seized to pay off debts. Therefore this results in a increased personal risk.
One disadvantage of starting a business as a sole trader is unlimited liability. This is because a sole trader is only one person who runs and owns the entire business which means if the business fails he/she will be legally responsible for all debts and their personal assets may be at risk of being seized to pay off debts. Therefore this results in a increased personal risk.
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