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Advantages: Sole Traders takes all the profits., Setting up a Sole Trader is easy and does not cost much., A Sole Trader chooses their own working hours, A Sole Trader is their own boss., A Sole Trader makes all the decisions, Disadvantages: A Sole Trader has the stress of making all the decisions., When the owner of the Business dies the business needs to be closed, Is a Sole Trader is ill or goes on Holiday they may have no income, Raising finance can be difficult., Sole Traders have unlimited liability.,

NCFE Sole Traders - Advantages and Disadvantages

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