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Task 3 Chester zoo Chester zoo was opened in 1931 and the owner was George Mottershead he opened it as a sole trader. But then in 1934 George Mottershead became a registered charity with the royal zoological society of Scotland. Liability A Liability is a debt that has to be paid that has been funded through borrowing. Sole trader A sole trader is someone who is the only owner of a business of a business. The advantage of the sole trader is: * You are your own boss and you can't be fired. * The business is small so it is easy to set up. * The wages for the employees will be low because there are few employees. * You can make your own decisions without consulting someone else. The disadvantages of a sole trader are: * The sole trader does not have anyone to share responsibilities such as you might be good at the actual job but...

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