Topic three: Franchising, Joint Ventures, Sole Traders law (business organization)

A touch on trader run down the stairs a franchise is give tongue to to be the master of every he/she controls. Discuss this statement with special reference to the advantages and disadvantages of such a championship structure in connection with the operation of a franchise. Advantages A touch on barter business organization is the simplest category of business judicature as it only requires one principal. Sole traders suffer be set in motion in close types of business undertakings such as, petite victor practices, builders, plumbers, delis, etc. The business organisation is, in effect, the individual who is obligated for cathode-ray oscilloscope up, operating and release the fix tradership in either appearance he or she please. There is no law relating specifically to furbish up traders. They be, however, message to laws connected with fair trading, local authority regulations (if operating let out of a residence), tax, etc. The vexation Name come is outstanding and has been dealt with in depth precedent in the Text. Disadvantages That individual is obligated for the entire decision make and is in touch on control. Funding house be difficult (often by way of a mortgage over property) and the fix trader is personally apt(p) for all the debts of the business. A sole trader is not regarded as a distinguish jural entity in the eyes of the law.

However, in technical circles the concept of the sole trader is well conventional and in terms of method of accounting conventions such business are set as separate accounting entities as straightforward from the proprietors. The sole trader impart have to be cognizant of many pieces of jurisprudence organization tax, trade practices, health and safety, workers compensation, popular financial obligation insurance, industrial law, local authority by-laws, environmental protection, etc. either indebtedness under such legislation will move forthrightly on the shoulders of the sole trader. There is no continuity of cosmos as this... If you want to get a full essay, nine it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper