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Essay heading: commercial companies
Essay specific features
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Business |
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| Date added: |
October 3, 2003 |
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| No of pages / words: |
3 / 825 |
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0 times |
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Essay content:
This means his home or other properties may be at risk if his business runs into trouble . Which mean that the owner “as a sole trader” has unlimited liability; conducting to my studies , I am going to give a simple example which will explain the sole trader responsibilities; for example if “A” as a sole trader made a contract with “B” which is one of the companies in Qatar, then “A” couldn’t pay the amount of that contract to “B” because his company went bankrupt, in this regard “A” will be liable for his own debts and obligations with his personal assets toward “B”... displayed 300 characters
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The companies are usually small, and easy to set up.
2. Generally, only a small amount of money needs to be invested, which reduces the initial start-up cost.
3. The money which spends for the wage will be low, because there are a few or no employees.
4. It is easier to keep overall control; because the owner has direct daily involvement in the work of the business approach to run the business and can make decisions without taking advices from anyone else ... displayed next 300 characters
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