... restriction. The sole trader will not face a lengthy setting up period or incur expensive administration costs. * Any profit they make after tax is kept by the owner. * The owner is in complete control and is free to make decisions without interference. For many sole traders independence is one of the main resons to set up in business. * The owner has flexibility to choose the hours or work he or she wants and to take holidays. Customers may also benefit. Sole traders can take individual customers' needs into account, stocking a particular brand of a good or making changes to a standard design for example. * Because of their small size, sole traders can offer a personal service to their customers. Some people prefer to deal directly with the owner and are prepared to pay a higher price for doing so. * Such businesses may be entitled to government support. Disadvantages of Sole ...

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