Explain the main differences between a limited liability company and a sole trader.

发布网友 发布时间:2022-04-24 03:13

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热心网友 时间:2023-10-24 04:07

解释的主要差别的有限责任公司和专营商

热心网友 时间:2023-10-24 04:07

Sole trader is a person who carries out the trade/ business single handedly. He is the whole and soul of the business. Usually, there is no one to assist him; though in some cases he might keep an assistant or a helper.

A limited company is a separate entity and is also either registered or incorporated under the laws of the country in which it is situated. It is a separate person in the eyes of the law.

the main difference between a sole trader and a limited company is that the law makes no distinction between a sole trader and his business, whereas a limited company is a separate entity in itself which can function very much like humans i.e. it can hire people, sue and get sued etc.

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参考资料:http://www.buzzle.com/editorials/9-4-2006-107560.asp

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