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Debenhams Report

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Submitted By jh11
Words 1272
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Introduction

This assessment is about a topic on showing the analyzing and comparing of the differences between Debenhams, which is a Public Limited Company, and Bridal Makeup & Hair by Sarah Elizabeth Abbott, which is the chosen Sole Trader. This essay covers the differences on different aspects of business ownership between Debenhams and Bridal Makeup & Hair, such as their conditions, benefits and risks, which differ considerably.

Debenhams

Debenhams, a Public Limited Company, is a dominating international and multi-channel British brand, which branches out to 240 stores across 28 nations. Debenhams provides its international customers an exclusive variety of both local and international brands and concessions. Debenhams has been contributing in British design for 20 years through its exclusive Designers at Debenhams portfolio of brands.

Bridal Makeup & Hair by Sarah Elizabeth Abbott

Sarah Elizabeth Abbott is a sole trader specializing as a freelance makeup artist and hairstyling. She offers a one-on-one consultation for customers to meet their needs and wants for their wedding. Sarah also provides services for other special occasions, such as proms and balls. Bridal Makeup & Hair is based on UK mainly at Hampshire, Dorset, Wiltshire, Berkshire, Sussex and Surrey.

Liabilities

The sole trader has no partner to share the responsibility of running the business with, hence a sole trader has unlimited liability. In this case, Bridal Makeup & Hair by Sarah Elizabeth Abbott is subject to unlimited liability. Unlimited liability means the owner of the business is entirely liable to any debt she owns. In worst case, she may have to risk her own personal savings, home and other assets they have both in and outside business. Debenhams is seen as a separate entity by the law and so, it has limited liabilities. The business

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