Question: which of the following statements about a sole trader isare...
Which of the following statement/s about a sole trader is/are correct:
A A sole trader is required to register their business.
B A sole trader has limited liability, which means that he/she has limited access to funds.
C A sole trader has continuity of existence, which means that he/she can leave the business to children by will.
D A sole trader has unlimited liability, which means that personal as well as business assets can be claimed by creditors.