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Assessment Brief:
Sam operates as a sole trader (IOM Solutions) selling electrical parts to local garages. Sam has run the business for eight years. Over the last two years, Sam has found that the business has grown in terms of demand and employees. This has placed a number of pressures on Sam whilst also presenting a number of opportunities. As of October 2020 Sam, has decided to expand the business. However, Sam is not sure of the most appropriate form of business ownership for IOM solutions.
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