BPP University College

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...