the nature of business and ownership

6
The Objective: Understanding the Sole Trader Understanding unlimited liability

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Page 1: The nature of business and ownership

The Objective:Understanding the Sole TraderUnderstanding unlimited liability

Page 2: The nature of business and ownership

Private Ownership:Private Organisations and Business are owned by INDIVIDUALS

Public Ownership:Enterprises Owned or controlled by the STATE, such as NHS, Police

Page 3: The nature of business and ownership
Page 4: The nature of business and ownership

Advantages & DisadvantagesAdvantages & DisadvantagesOf Of

Sole Trader BuinsessSole Trader Buinsess

Page 5: The nature of business and ownership

•A Sole Trader is a business owned by one person.

•Easy to set-up

•Sole Trader business main risk is

Unlimited Liability

Page 6: The nature of business and ownership

Any QuestionsAny Questions