Define sole trade ?????
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A sole trader is a person who sets up and owns their own business. They may decide to employ other people but they are the only owner. A sole trader has unlimited liability.' As a sole trader, your business is owned entirely by you, grown by you and ultimately succeeds or fails by you.
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A sole trading concern is a form of business organisation in which an individual invest only his capital uses his own skill and intelligence e in the management of its affairs and is entitled to earn all the profits as also solely responsible for all the risk of ownership .
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