|
First Principles of Business Law |
| Business organisations in Australia |
|
2. Sole traders |
|
Question 1. What does it mean to operate a business as a 'sole trader'? |
|
Read the statements below and select the best one. |
|
(a) A sole trader is a person who manages the day-to-day operation of a business, even if the business is owned by, or jointly with, another person or persons. (b) A sole trader is a person who is the single owner of a business and who therefore has control of the day-to-day operation of that business. |
|
|
|