The nature of business and ownership
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The Objective: Understanding the Sole Trader Understanding unlimited liability
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Transcript of The nature of business and ownership
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The Objective:Understanding the Sole TraderUnderstanding unlimited liability
![Page 2: The nature of business and ownership](https://reader035.fdocuments.us/reader035/viewer/2022070509/5899ecf01a28ab96418b6ab9/html5/thumbnails/2.jpg)
Private Ownership:Private Organisations and Business are owned by INDIVIDUALS
Public Ownership:Enterprises Owned or controlled by the STATE, such as NHS, Police
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Advantages & DisadvantagesAdvantages & DisadvantagesOf Of
Sole Trader BuinsessSole Trader Buinsess
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•A Sole Trader is a business owned by one person.
•Easy to set-up
•Sole Trader business main risk is
Unlimited Liability
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Any QuestionsAny Questions