Your client John is starting up a business as a restaurant He will be renting the premises, employing 4 staff, buying the supplies on 30 days credit and will work in the business himself He is not sure whether to set up as a Sole Trader or a Limited Company He has asked you for some advice A) Outline the main advantages and disadvantages of being a Sole Trader and a Limited Company (8 marks) B) Based just on the information given above, which looks the best option for John and why (4 marks) Your client John is starting up a business as a restaurant He will be renting the premises, employing 4 staff, buying the supplies on 30 days credit and will work in the business himself He is not sure whether to set up as a Sole Trader or a Limited Company He has asked you for some advice A) Outline the main advantages and disadvantages of being a Sole Trader and a Limited Company (8 marks) B) Based just on the information given above, which looks the best option for John and why (4 marks)

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Question: Your client John is starting up a business as a restaurant. He will be renting the premises, employing 4 staff, buying the supplies on 30

Your client John is starting up a business as a restaurant. He will be renting the premises, employing 4 staff, buying the supplies on 30 days credit and will work in the business himself. He is not sure whether to set up as a Sole Trader or a Limited Company? He has asked you for some advice. A) Outline the main advantages and disadvantages of being a Sole Trader and a Limited Company. (8 marks) B) Based just on the information given above, which looks the best option for John and why? (4 marks)

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