Appropriate Legal Structure

Sole Trader/Partnership

Pros and Cons of Sole Trader/Partnership

Being a sole trader means you own your business.

The pros of a sole trader include making your decisions, work long hours and keep the profit. However all the responsibilities of your own business is on you and even though working long hours can be a good thing, it can also be a problem. You also have unlimited liability which means you could loose all your personal possessions if you get into too much debt.

Having a partnership mean that you work with 2-20 people to run a business

You make decisions together so you're not on your own, you do not have to work long hours and you can share each others experience which makes it easier.

Comment Stream

3 years ago

Your work shows some real positives…

Great start...lots of key terms covered
Use of Images and Headings
Explanations are clear

In terms of Literacy and Presentation, your work is as follows…

Spelling - Excellent
Punctuation - Excellent
Grammar - Excellent
Use of quotations - N/A
Understanding of topic - Good
Application (real life / news / examples) - N/A
Analysis (detailed explanation / how / why) - Good
Evaluation (pros and cons weighed up and concluded) - N/A
Presentation (use of images / layout / style) - Satisfactory

Your work might be even better if…

You add a real life Business example or news story related to the topic (makes it more memorable and examiners love that)
Add bigger headings between definitions
Add video?


Merit (s)