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My new business shall be located around Norwich area (looking for a higher area of unemployment). My business will be in the private sector. The shop will be selling speakers and accessories. I am deciding whether to start my business as a sole trader or in a partnership. Im going to way out the advantages and the disadvantages and I am going to judge what it is to be. Sole trader: Advantages Disadvantages * You are your own boss * Run the business how you like * All profit goes to you * Easy to set up * Working long hours * Unlimited liability * You and your business would be unincorporated Partnership: Advantages Disadvantages * More capital input * More ideas * Less responsibility * Disagreements * Unlimited liability * You and your business would be unincorporated After considering the two options I have decided to enter my shop under a partnership as it will have an extra capital to start off with and there will be...

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