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Answered

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What disadvantages are there to being a sole trader in contrast to a partnership?

Sagot :

Payal9idn

Answer:

Disadvantages of sole trading include that:

you have unlimited liability for debts as there's no legal distinction between private and business assets.

your capacity to raise capital is limited.

all the responsibility for making day-to-day business decisions is yours.

retaining high-calibre employees can be difficult.

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