- Unlimited liability (owners responsible for all debts and may have to sell personal assets)
ADVANTAGES
- easy to set up and give personal service
- owner independent
- can make quick decisions
- min of paperwork
- knows customers- help avoid bad ideas
DISADVANTAGES
- unlimited liability
- long hours, no cover for holidays/ sickness
- capital may come from savings
- need business skills
- business ends on death
No comments:
Post a Comment