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What would be the advantages and disadvantages and disadvantages or remaining as a privately owned familly business with me as a sole trader?
Member rating: No Rating | Words: | Submitted: Mon Jun 06 2005
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Working in organisations A sole trader business consists of one who opens up a business on their own initiative. There are three types of sectors of businesses these comprise of the mutual, public and private sector. Private family businesses are include within the private sector. The following information is an describes the private sector: The private sector is made up of businesses and organisations that are owned by individuals or groups of the individuals. The private includes the following types of business/companies these are: Sole traders, Partnership, Private limited companies, Public limited companies and Franchises. A sole trader is a person who opens up a business on his or her own account (as mentioned above). A partnership is when two or more persons agree to carry on a business together. A private limited company cannot offer their shares for sale to the public at large, which makes their ability to raise money...
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