1. Setting up a new business
... not have to be audited. Limited companies have to file their accounts with Companies House for public access. Disadvantage of being a sole trader 1- The sole trader has unlimited liability. In other words should the business fail then the sole trader is responsible for all debts. All personal assets can be seized to pay of debts. It is advisable to contact a solicitor to secure personal assets. Setting up a ... new Business Ownership The type of ownership for the business will be a partnership. This is the most obvious choice as there are two ... theft insurance for £120 p.a. Natwest ...
- Word Count: 2165
- Approx Pages: 9
- Grade Level: High School