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However, there are also costs for Natalie choosing to operate as a single trader:

  • individual proprietors have limitless liability so this means that Natalie could possibly lose her personal possession in order to business any debts that she might incur
  • As a solitary trader, Natalie would find it difficult to protect various sources of Fund, especially as she does not trade a broad range of products
  • There might also be costs related to her confidential circumstance, e.g. loss of time with the family or child care

For maximum marks, there should be an analysis of both the potential benefits and costs

 

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9555816

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