A sole trader is the simplest form of business structure - in which one individual runs and owns the entire business. This business structure is especially popular amongst those going into business on their own for the first time. It is relatively easy and inexpensive to register.
The advantages of a sole trader:
The disadvantages of a sole trader:
Important Notice: This post does not constitute or provide legal advice. Always consult with a suitably qualified attorney-at-law on any legal problem or issue.
Law For All is managed by the Aurora Chambers Legal Practice.
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