https://padlet.com/rekhakannanunni/np3fzklx703b69a test en-us 2020-09-27 06:00:09 UTC 2021-01-05 04:27:04 UTC hello@padlet.com https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054397993 a sole trader is a business organization owned and controlled by one person. Sole traders can employ other workers, but only he/she invests and owns the business.

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A sole trader is a self-employed person who owns and runs their own business as an individual]]> 2021-01-05 04:20:19 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054398768 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054400515 advantages= easy to set up and also the sole trader will receives all the profit]]> 2021-01-05 04:21:23 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054400515 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054400813 One single owner, has full control/ownership of the business, unlimited liability]]> 2021-01-05 04:21:35 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054400813 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054401956 A partnership is two or more people that runs a business together and shares responsibilities and profits]]> 2021-01-05 04:22:18 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054401956 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054402366 disadvantage= they would have unlimited liability and full responsibility over the business and alot of work to do with no help.]]> 2021-01-05 04:22:32 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054402366 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054404021 2 or more owners, unlimited liability, share of losses and profits, no full ownership]]> 2021-01-05 04:23:30 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054404021 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054404750 Some trader is a business owned by one person.
Advantages:the owner has complete control of the business and makes all the key decisions
-no profit sharing
Disadvantages
-losses are birm by owmer and not shared 
Unlimited liability ]]> 2021-01-05 04:23:54 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054404750 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054405596 A partnership is a legal agreement between two or more (usually, up to twenty)people to own, finance and run a business jointly and to share all profits.]]> 2021-01-05 04:24:25 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054405596 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054406085 advantages= it is easy to set up and the partners can provide new skills and ideas]]> 2021-01-05 04:24:45 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054406085 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054407373 disadvantage= there might be some conflict within the partners and they will have to share the profit and they would have no continuity and unlimited liability.]]> 2021-01-05 04:25:34 UTC https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054407373 https://padlet.com/rekhakannanunni/np3fzklx703b69a/wish/1054409352 A partnership is a type of business in which two or more people agree to jointly own a business.
Advantages
-more capital is injected into the business
-losses is divided among all/both the partners
-responsibilities are shared,so none of tbe partners are burdened with excessive work
Disadvantages
-profits are shared among the partners 
-unlimited liability 
-unincorporated business

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