an interview of sole trader introduction
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hey mate
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your answer
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A sole trader is an independent owner of a business. She/he has all the rights and responsibilities of the business and any profit or loss made (after all tax has been paid).
All sole traders must register with HMRC, there are guidelines and specific rules that sole traders must follow when managing and naming their business.
Naming the business can be frustrating, however the name can be the sole trader’s name. It can also be a trade from a business name.
The name chosen must not contain sensitive words or expressions, (typically taboo language) unless it has been approved.
Once a business has been created it should be registered as soon as possible, if there are complications when registering then the latest you should register it by is the 5th October in the businesses second tax year.
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I hope it will help you.
===========
your answer
____________
A sole trader is an independent owner of a business. She/he has all the rights and responsibilities of the business and any profit or loss made (after all tax has been paid).
All sole traders must register with HMRC, there are guidelines and specific rules that sole traders must follow when managing and naming their business.
Naming the business can be frustrating, however the name can be the sole trader’s name. It can also be a trade from a business name.
The name chosen must not contain sensitive words or expressions, (typically taboo language) unless it has been approved.
Once a business has been created it should be registered as soon as possible, if there are complications when registering then the latest you should register it by is the 5th October in the businesses second tax year.
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I hope it will help you.
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