Question

what do you mean by sole trade​

Answer 1

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A sole trader is the simplest form of business structure and is relatively easy and inexpensive to set up. As a sole trader you will be legally responsible for all aspects of the business. You'll generally make all the decisions about starting and running your business and you can employ people.

Answer 2

SOLE TRADER

A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn’t have any legal identity separate to its owner, leading many to say that as a sole trader you are the business. In this article, we look at what a sole trader is, how to get started and your ongoing responsibilities.