Which ONE of the following is a result of being a sole trader?
Select ONE answer only:
- The owner is only liable for the money that they invest in the business
- The business owner is likely to face a greater risk
- The business owner receives will have greater control of the business
- The business owner can sell shares to raise money
- The business owner has to pay an accountant to do audit their accounts
Explain ONE reason why a business may choose to become a private limited company
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 3 – The others are not true or apply to limited liability companies only.
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