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Btec Business Assignment Introduction Sole-Trader A Sole-Trader is a business organisation which is owned and managed by one person. Implied in this is that ownership is under one person and this individual could employ a lot of people to work for him. One key feature of a sole trader is that of limited liability. A limited liability refers to the situation whereby he or she looses both the invested capital and private property when the business winds up. Advantages for a sole trader are that profits would not have to be shared and decision making would be easy because the sole trader would not have to consult anyone in decision making. For a sole trader things would be slightly easy in the sense that there would be less confusion as everything would go by the way the individual wants the business to be. It is also a big responsibility as there would be a need...

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