Btec Business AssignmentIntroductionSole-TraderA Sole-Trader is a business organisation. Btec Business Assignment Introduction Sole-Trader A Sole-Trader is a business organisation which is owned and managed by one person. Implied in this is that ownership is under one person and this individual could employ a lot of people to work for him. One key feature of a sole trader is that of limited liability. A limited liability refers to the situation whereby he or she looses both the
What would be the advantages and disadvantages and disadvantages or remaining as a privately owned familly business with me as a sole trader? Working in organisations A sole trader business consists of one who opens up a business on their own initiative. There are three types of sectors of businesses these comprise of the mutual, public and private sector. Private family businesses are include within the private sector. The following information is an describes the private sector: The
Sole Trader Report 1.1 In this report you will read about a sole trader (Sunrise Bakery), I will talk about they their aims and objectives, location, business ownership and finally they business activities, Sunrise bakery three aims are · To still be in business after 1 year of opening there shop · To maintain sales at competitive rates with rivals · To provide a services to the people of Southall Sunrise bakery three objectives are · To have the same income and profit value
are different types of businesses in which Peter can set up into. Firstly he can become a sole trader in which he may set up a business in either his own name or a business name. By becoming a sole trader you have complete control of the business and all profit which is made belongs to you; however there are advantages and disadvantages to becoming a sole trader. The main advantages of becoming a sole trader are that the owner has independence and can run the business however he likes without having
The ownership of business Private Business Sole Trader This is a person who decides to set up the business on her/his behalf. There mite be other people who work for the owner but the business to be quite small, if, quite possibly, very profitable. An example is a Chinese Takeaway or a Fish and chip shop. Partnership From 2 -20 people who get together to run a business. They will probably employ other people to work for them. But ownership belongs to the partners. A firm of solicitors
I shall use the Internet for the layout of the marketing plan. Introduction I have been asked by my client to conduct market research in order to find out who the target market is for their business. My client's business is a sole trader. A sole trader is when one person owns the business. My client is still able to employ other people, but these
GCSE Business Studies - Starting a Business - Business Plan - Sporting Glory Business Plan a) Name: Sporting Glory b) Address: High Street, Sutton, Surrey. c) Limited Company/Partnership/Sole Trader: Sole Trader - Will go public (PLC) if business is successful. d) What does your business do? The business will sell quality affordable sports clothes and equipment through a retail store. e) Date you started trading: The business will start trading early 2003
such as sole proprietors, partnerships, limited companies and franchises. In the public section you have public corporations, government departments and local authorities. I have written detailed descriptions of some of these below. Sole Trader - A sole trader is a one-person business, commonly found in trades where only small amounts of finance are required to set up and where there are very few advantages to the existence of larger organisations (e.g. hairdressing, newsagents, market traders). Sole
I got over 50% boarders from the boarding house said they strongly advise to open a tuck shop in the boarding house. So I become confident of the demand of the house. The man of my tuck shop called "Come On". This type of business will be sole trader. This business only owned by me and I need to face "Unlimited liability" which means I face all the business risk and has to find all the capital to start the business. We will be selling many product including ice cream. "Come On" also selling
can be less stressful than being a sole trader. Partners are available to cover for holidays and during periods of illness. * Partnerships normally find it easier to raise capital than sole traders do. There are more owners to invest money, and banks may be more willing to lend to partners. Some partnerships have sleeping partners, who invest money but take no part in the management of the business. * It can be comforting for partners not to have sole responsibility for a business, especially
Investigating Two Types of Businesses In this report in am going to investigate The Body Shop and Interlink which are two different types ownership PLC (Public limited company) and a Sole Trader. [IMAGE]Task 1a) Information about each of the companies THE BODY SHOP plc ©2003 The Body Shop rapidly evolved from one small shop in Brighton on the south coast of England, with only around 25 hand-mixed products on sale, to a worldwide network of shops. Franchising allowed for rapid
reference: In this report I will examine the business of Mr Khan's mobile phone shop and advise him on which legal form he should take; either setup a sole trader or go into partnership. I will study all the advantages and disadvantages of sole trader and a partnership business. Finding: Advantages of a sole trader Disadvantages of a sole trader Easy to setup and to run- not many forms to be filled in. Unlimited liability- If the business is bad then it is possible for the owner to lose
different types of owner ship. They are: * Sole traders * Parternership * Private limited companies * Public limited companies (Tesco’s) * Co-operative * Not for profit or a charity * Franchise Sole trader A Sole Trader is a business that is owned by only 1 person. They are responsible for everything that goes on in the business. An example of a sole trader is usually an off licence, taxi driver, sweet shop etc. Advantages of a Sole Trader --------------------------- · Easy to
many types businesses in this world; these include Sole trader, Plc, Ltd, Partnership, Co-op and franchise. These types of businesses are all different from each other. Some of them need just one owner, some have hundreds. Sole Trader A sole trader is a one man business. There is just one manager. Although they are the sole manager and owner they can employ staff to work for them. They can employ as many as they want to work for them. A sole trader is self employed, this means they work for themselves
Unit One Task One: Ownership Introduction I have chosen to base my assignment on the following businesses: Sole-Trader for which I have chosen Errol Anderson’s business: Errol Anderson Motors PLC for which I have chosen Sainsbury’s I have chosen these businesses because a Sole-Trader and a PLC make a good comparison and therefore I have chosen a sole-Trader and a PLC. I have chosen Sainsbury’s as my PLC because firstly my teacher recommended this PLC to me. Another reason
nations. Little else is known about their actual culture, other than what is written about them in other nation’s texts. In a text from the seventh century, the rules of trade are established, and appear to have been independent of any local rulers, traders acted on their own accord. Phoenicia became one of the greatest trading states in all of history, due to the fact that they possessed a large amount of valuable materials, a good location for trade, and an unsurpassed knowledge of the sea. It is through
expanded the old Merchandise Marks laws dealing with mis-description of goods in general and its particular job is to ensure, as far as possible, that people tell the truth about goods, prices and services. This Act makes it an offence if a trader - a. Applies a false trade description to any goods; or b. Supplies or offers to supply any goods to which a false trade description is applied; or c. Makes certain kinds of false statement about the provision of any services, accommodation
Stocking the Online Community I must have a net worth of one million dollars by the time I'm forty. Sounds like a plan to me. Retirement, living the good life. My plan would be to go to school full?time, quit the job, and move into the country. (Not necessarily in that order) The Ad's I see have to be working for someone. The internet and stock trading were meant for each other. More and more people are getting on the band wagon so get on early. "But these hot High?tech stocks and you can't miss
protection act considerations (as explained above) · Terms and conditions of use including copyright notice, general disclaimer, liabilities (or non-liabilities – especially in terms of credit card fraud) · Full name, address, email etc of the trader, VAT number, Company number, member of trade organisation (if you are selling) · A clear privacy policy explaining what you do with information collected on the site. This privacy policy must also set out if you use cookies on the site and what
written on a piece of paper and put into a box. Then the children would all draw from the box and see whom they get. He was then sent hundreds of miles away from his mother to the southern states of America. He caused this being sold to a negro trader. The Trader, Mr. Mitchell, was selling a lot of slaves on the way down south but found it hard to sell him. He was a lot whiter then the other slaves which was a problem. This resulted to him being sent to Mr. Seed who he stayed with for a year. He also