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A sole trader [1] is one person setting up and running a business. This
type of business ownership has unlimited [1] liability, meaning debts of
the business can extend to personal possessions. LTD stands for private
limited company [1]. This type of business ownership has limited [1]
liability and allows fi nance to be raised by selling shares [1] to family and
friends [1].
lydiajane74 answered the question on July 22, 2018 at 19:37
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