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BS

Business

QuestionAnswer
What kind of tax does a sole trader pay on profits of a business? Income tax
What kind of liability is a sole trader? Unlimited
A sole trader can be set up in very little finance. True or false? True
How many people can run/own a sole trader? 1
What does it mean if a company is LTD? Private Limited Company.
Banks prefer to make loans to sole traders rather than LTD company's. True or false? False
How many people can run/own a Private Limited Company? 1-99
Local example of a sole trader. Crossans Electrical.
Local example of a LTD. Providers
An entrepreneur will initially start up as a sole trader. True or False? False
Created by: Ivorisbeast
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