First Principles of Business Law
Business organisations in Australia

2. Sole traders

Question 4. How does a sole trader acquire the capital and equipment they need for their business?

 

 

 

 Read the statements below and select the best one.

(a) A sole trader can raise money by selling shares in their business to persons who have money to invest.

(b) A sole trader must finance their business from their own resources, or by borrowing on their own account.

(c) A sole trader can finance their business by taking on a partner who has the necessary money.

 

 

 

 

 

 

 

  
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