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Business Coursework The name of my business will be zed's takeaway. They type of business my business will be is a sole trader
- Essay length: 1559 words
- Submitted: 31/03/2006
The first 200 words of this essay...
The name of my business will be zed's takeaway. They type of business my business will be is a sole trader. I will be using up my own capital to start my business (my own money). The sole trader is the most simplest business to develop as it initially consists of only you and has very little legal formalities, obligations or constraints attached to this form ownership as opposed to other forms; in fact it is just a case of informing the tax inspector and contributions agency of your intentions and you can begin to trade. You also need only a small amount of capital and you're off!
remaining as a sole trader has many advantages, mainly being that you are able to give a more personal service to your customers and you are able to make changes within your business very quickly due to there is little or no bureaucracy there being only one person to make the final decision; so remember this fact and exploit it. Other advantages include having complete control over the business and its profits; you are able to use any money the business brings as you deem fit without having
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