Other - Business & Finance. How Do Sole Traders Work, And How Do Public Limited Companies Work?

Other Business Finance : How Do Sole Traders Work And How Do Public Limited Companies Work

I am doing about fairtrade, so info on that in paticular greatly appreciated! ~~~ Fee ~~~

Best Answer To Other Business Finance Question

Sole traders work all the time for next to nothing (i am one) and can be sued and lose their house and anything they own if they make a mistake. PLC areable to be sued but the people who own it cannot be sued and lose everything.

All Answer To Other Business Finance Questions

Answer 1

Sole traders are held personally liable for any debts the company incurrs, and they do not need to disclose their accounts to the public. Public Limited companys , the shareholders are not personally liable but do need to disclose their accounts. You also get normal Limited companys- They have Director and Company Secretary, not held personally liable for debts and need to disclose accounts to companies house

Answer 2

Sole traders work all the time for next to nothing (i am one) and can be sued and lose their house and anything they own if they make a mistake. PLC areable to be sued but the people who own it cannot be sued and lose everything.