Business, Accounting and Legal

You are required to: 1. Compare and contrast the Sole Trader to that of a Private Limited Company. If you had to advise a friend who was starting their own business which one would you recommend to register as? And why? 2. The person who is interested in starting their own business (above) went to their Bank Manager to enquire about a loan to start the business. The Bank Manager has asked him/her to submit a Business Plan for the business but your friend has no idea what a business plan is, its purpose or what should be included in it. You must outline to him the contents of a business plan, its purpose, its advantages and disadvantages; 3. As your friend is a novice at business you have decided to include a section on the different types of industries currently operating within the country. Specific Requirements 1. Yourprojectshould be in a Word document, Font Size 12 (including headings and subheadings), and the font type should be Times New Roman or Ariel, line spacing should be 1.5; 2. Youprojectt must be submitted on the CCT cover page. This page is available on Moodle; 3. The project should have a minimum of 3,000 and a maximum of 3,500 words; 4. As this is an project you should include examples of referencing and in text citation. Please do not use Wikipedia as a source of reference, also, you do not need to reference your notes or notes from Moodle. 5. Please check all spelling and grammatical errors before submission.