This document provides an overview of sole traders as a form of business ownership. It defines a sole trader as a business owned and managed by one person alone with limited resources. The content discusses the characteristics of sole traders, including that they have unlimited liability and continuity. The advantages are listed as few legal formalities, personal involvement and freedom, while the disadvantages include unlimited liability for losses and responsibility. Students will complete an in-class activity answering questions in their notebook about sole traders.

1. ANNEXURE 4
Business Studies (Micro
Teaching) Grade 10
Forms of Ownership (Focusing on the Sole Trader).
COMPILED BY: MR. GORDON

2.  WE WILL HAVE A LOOK AT THE
FOLLOWING:
 The definition of a Sole Trader.
 The characteristics of a Sole Trader.
 The advantages of a Sole Trader.
 The disadvantages of a Sole Trader.
CONTENT FOR THE LESSON:
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3.  Owns, Manages.
 Entire.
 Alone.
 Limited Resources.
 Size.
 Examples:
 Plumber, Electricians & Hairdressers etc.
DEFINITION OF A SOLE
TRADER:
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4.  Simplest & Oldest.
 Continuity.
 Unlimited Liability.
 Profits.
 No Special Requirements.
 Financial Backup.
CHARACTERISTICS OF A SOLE
TRADER:
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5.  Few Legal Formalities.
 Personally Involved.
 Profits, Assets.
 Freedom.
 Personal Interaction.
ADVANTAGES OF A SOLE
TRADER:
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6.  Dealth.
 Liable,
Losses.
 Responsibility.
 Inexperience (Failure).
DISADVANTAGES OF A SOLE
TRADER:
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7.  You will be issued with one by your
educator.
 Complete it in your notebook.
 Answer all the questions, in full sentences
unless stated otherwise by the question.
IN-CLASS ACTIVITY:
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