Kate, a third-year university student, wants to start a business offering tutoring for high school...
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Accounting
Kate, a third-year university student, wants to start a business offering tutoring for high school students while she completes her double degree. Kate believes the sole trader structure might be an appropriate business type to choose.
Why is the sole trader business structure appropriate for Kate under her circumstances? Be specific in your answer and justify your points.
What might prompt Kate to later change to a partnership structure?
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