Which ONE of the following is a benefit of operating as a sole trader?
Select ONE answer only:
- The business owner can benefit from limited liability
- The business has to repay all loans instantly
- The owner receives all the business’s revenues
- The owner is liable for all of the business’s debts
- The owner has to pay an accountant to do their taxes
Discuss the likely benefits to a business of changing from a sole trader to a private limited company.
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 4 – The others are not true or apply to limited liability companies.
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