Tag Archives: Sole proprietorship

Expanding a Business – GCSE Business Studies Revision


But first Sometimes sole traders like doctors or dentists form partnerships This can benefit them because they share expertise and can help each other However, they also share responsibility and disagreements can happen Partners have unlimited liability (see my other … Continue reading

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Stakeholders – GCSE Business Studies Revision


This revision content is also featured in a video on my YouTube channel: (I give permission for my YouTube channel to monetize this revision content) Who or what are they?! They are people with an interest in what a business is … Continue reading

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Limited and Unlimited Liability – GCSE Business Studies Revision


What’s Liability? Liability is the legal responsibility to pay money owed by your business Unlimited liability means there is no limit to what can be taken from you if it is owed Having limited liability means you are not entirely … Continue reading

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SMART, Financial and Non-Financial Objectives – GCSE Business Studies Revision


SMART Objectives, Financial Objectives, Non-financial objectives Continue reading

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