A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal. A sole trader is the simplest and cheapest business structure. Do you know what it means to run a business as a sole trader find out what taxes you pay, the registrations you need and your responsibilities if you employ staff under a sole trader.
A sole proprietorship is a business with a single owner and not registered as a corporation, partnership or limited liability company a sole proprietor can work as an independent contractor. A sole trader describes any business that is owned and controlled by one person, although they may employ workers, eg a newsagent's shop individuals who provide a specialist service like.
A sole trader is a business structure whereby one individual runs and owns the whole business there is no legal distinction between the business and the owner.
Register as a sole trader with hm revenue and customs and legal responsibilities if you run a business as a self-employed sole trader.
Business startup - sole traders business first representatives are also vested as practitioners and may also act on behalf of an applicant so that forms are.