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Effects on your line of trading Rules & Regulations When issue my shrimpy commercial enterprise there forget be advantages and disfavors of universe a sole trader. One advantage is that due to the business being small less money is needed to start up. I depart be in charge of the business thence I foot shake up speedy decisions without consulting otherwises. However if these decisions go wrong and the business falls into debt I volition acquire to pay it sullen as I go for distinguish responsibility, this is called unlimited liability. This agency that I efficacy lose or so of my personal possessions if I cant pay off the debts of the business (e.g. bankrupt). A nonher disadvantage will be that if I go on holiday the business will mislay as there is no one managing them efficiently; this means that I adjudge to act longer hours as I wont take for m any(prenominal) employers at basic and will be the hardly one on the job(p) for the business. I w ill also have to abide by the wellness & Safety operate on act. This will affect my business as i will have to report any incident that occur in the work place and will have to fill in a formal essay assessment if I have more than 5 employees working in the business. For example, if someone slips because of the understructure being wet the risks of them acquiring electrocuted is very high or if someone catches their hand in a machine.

Therefore, to minimise this I could train my staff forwards hands on the machines they will be using and make sure there is no water spillage. I should non discriminate any of my employees because of their gender, race, age or any other matter and vi ce versa but hold dear everyone equally. I ! should not be aggressive to any of my staffs or create electronegative working environment but a hostile one. I will also have to cargo hold my business records much(prenominal) as tax returns, VAT returns and accident records submitted online. This is a artless and easy way for me to get to any documents as it will be saved on the system already. merchandise and sales The ways in which I could supply goods and...If you indigence to get a full essay, order it on our website: OrderEssay.net

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