A sole trader is a type of business entity where an individual runs and manages the business on their own, without any formal structure or separate legal entity. The individual is personally liable for all debts and obligations of the business.
Examples of businesses that are commonly operated as sole traders include freelance writers, independent consultants, and local small businesses such as hair salons or cafes.
Brevity explain the concept of a sole trader and give an example or 2 businesses that are usually sole traders
1 answer
2 answers