Please enable JavaScript.
Coggle requires JavaScript to display documents.
Enterprise, Done By: Muhammad Haseeb Zahid - Coggle Diagram
Enterprise
Advantages of Sole Trader
Advantages
Only you are the owner/boss
Greater freedom in working hours
Any profit can be kept by Owner
Sole Traders may receive Government Support
Only Owners will make decision
Disadvantages of Partnership
If any partner leave/dies he is dissolved
Partners can sued by customers
Partnership may not be enough to gain economies of scale
Profit had to be shared
Disagreements can be between particles
Advantages of Partnership
Decision can be share by partners
High quality employees can be easier to keep
Makes easier to raise money with more than one owner
Are relatively easy to form
Startup costs are lox
Disadvantages of Sole Trader
Capacity to raise capital in limited
Difficult to complete large firms
Taking high quality employees can be difficult
Unlimited liability
Difficulties in raising finance
Done By: Muhammad Haseeb Zahid
Class: 9-B