In this project I will be investigating any difficulties in financing small businesses run by sole traders or a small partnership. I will be researching a specific type of business, which will be local grocers. As part of my research and to make sure that I carry out the correct investigation I will first ask the selected businesses if there type of ownership, if they are a sole trader, partnership, P.L.C, or a LTD company. Once I have found out which businesses are owned by sole traders or a partnership I will carry out further investigation.

Sources of finance

1. Sole trader

One person owns a sole trader business although the sole trader can employ staff. Usually the staff are not involved in any decisions or any control of the finance.

Some examples of sole traders would be electricians, plumbers, hairdressers and taxi drivers. The sole trader...