THE SOLE TRADER A sole trader, also known as a sole proprietor or sole proprietorship, is an individual who owns and operates a business on their own. In this business structure, there is no legal distinction between the owner and the business entity. The sole trader is personally responsible for all aspects of the business, […]
What is a Business? The term “business” describes the activities of individuals, institutions or organizations to promote and distribute goods and services satisfying human wants in society at large. The business also refers to the activity of providing goods or services to customers in exchange for money or other valuable considerations. It involves various economic
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Sources of capital refer to the various ways or channels through which businesses or individuals can obtain funds or financial resources to support their operations, investments, or other financial needs. These sources can include: 1. Equity capital: Equity capital represents funds raised through the sale of ownership interests in a business. It can be obtained
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