• Sole Trader Company Business Partners
    1,869 words
    Introduction There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows: The Sole Trader The partnership The Private Limited Company (LTD) The Public Limited Company (PLC) Sole trader A sole trader is an organisation, which is owned by one person. The assets and liabilities of the o...
  • Business At Work Sole Trader
    7,663 words
    Unit 1- Business at work Businesses exist to produce goods and services. If someone is thinking of starting up their own business or becoming part of an existing business, they would have to have the knowledge of what makes business work successfully and know how to how to apply that knowledge in the particular area of business. For this unit I will be entering and exploring the world of business. For this unit I will encounter and evaluate information provided by certain businesses and actually...
  • Accounting Small Business Advantages Buying Includes
    1,260 words
    VCE Accounting Unit 1 Starting a small business By Wendy Zhou 1. Define a small business. A small business is a usually owned by one or two owner, these owner manage and controls the business. The business usually consists of 20 or less employees. 2. What is the difference between a sole trader and a partnership? What are two advantages and two disadvantages of a sole trader and a partnership? Sole trader is a business owned by the one owner whereas a partnership is where two or more owners own...
  • Business Organisations Sole Trader
    720 words
    The type of Business Organisation This is important in order to know how many people are involved in the business (eg sole trader one person). Sole Trader A sole trader is an individual who owns the business. Eg Hairdresser Sole traders are risk takers and moneymakers. The advantages of being a sole trader are that you can make decisions quickly as there is no one else that needs to be consulted, the owner gets to keep all rewards and profit, flexible working hours, they are their own boss, bein...
  • Sole Trader Business Partnership Company
    1,062 words
    Small business is a major driver of economic growth in Australia. According to Department of State and Regional Development recent research has shown that NSW has 96% of small business operated and employed more than 1 million people. There are three major types of business in Australia: sole traders, partnership, and company. A sole trader is owned by one individual. The basic advantage is the owner has the authority to make all the decisions. Also, it is simplify form of business organization ...
  • Customer Service Business Store Skills
    480 words
    DESCRIPTION OF BUSINESS Business Name I have chosen to call my business "transfield" because it is an easily remembered and interesting name. The name will be appealing to the targeted area, teenagers, therefore, hopefully increasing sales. Teenagers are the target age group because of how important self identity and fashion is to this age group. Description of product or service "transfield" will specialise in the sale of the latest fashions eg clothes, shoes, hip-hop and Djing equipment, cloth...
  • Business Legal Structures Sole Trader
    813 words
    There are many different businesses out there in the big old world, from fast-food outlets to solicitors. The similarity that businesses can share even if there as complete opposite as a fast-food outlet to a solicitor is the way they have there legal structure. To create a successful business dependent on the type of work, four different legal structures can help succeed in what you desire. SOLE TRADER - A sole trader is the simplest legal business structure and consists of just one individual ...