BPP University College
Yale Law School
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LPC Business Law and Practice (BLP) notes ULAW (high distinction) - complete set
- Exam (elaborations) • 136 pages • 2022
- $11.99
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Brief Overview of Different Structures
Type What is it? Advantages pages 19-
20
Disadvantages pages 19-20
Sole
Trader
Pages 4-5
Someone who runs a
business on his own as a
self-employed person.
They are someone who:
Has the right to make
all decisions regarding
the business
Owns all the assets of
the business
Is responsible for
paying income tax on
all profits of the
business
Has unlimited liability
for debts of the
business
Easy to form as
there are n...
Exam (elaborations)
LPC Business Law and Practice (BLP) notes ULAW (high distinction) - complete set
Last document update:
ago
Brief Overview of Different Structures Type What is it? Advantages pages 19- 20 Disadvantages pages 19-20 Sole Trader Pages 4-5 Someone who runs a business on his own as a self-employed person. They are someone who: Has the right to make all decisions regarding the business Owns all the assets of the business Is responsible for paying income tax on all profits of the business Has unlimited liability for debts of the business Easy to form as there are n...
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