4 Reflection on this course

To review and consolidate the learning which you have gained from studying this course, you might like to consider the following questions:

• Has studying the course changed your ideas in any way about what a ‘business’ is?

• Why do you think that different ways of running a business have developed under English law (e.g. sole trader, partnership, company)?

• What do you think are the advantages and disadvantages of running a business as a sole trader?

• What do you think are the advantages and disadvantages of running a business in partnership?

• How far do you think that the law set out in the Partnership Act 1890 which you have studied in this course is helpful to people running a partnership business in the 21st century?

• How efficient do you think the sole trader and partnership forms of business are likely to be in practice, considering the commercial, economic and social backgrounds against which they will operate?

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