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A sole trader can employ as may people as is necessary
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∙ 12y ago
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How many people do you need to run a business?
depends weather its a sole trader.
What is a function of a sole trader?
Sole trader it means Sole trade agence?
What is the function of sole trader?
Sole trader it means Sole trade agence?
What is a function of the sole trader?
Sole trader it means Sole trade agence?
What is the liability of sole trader?
a sole trader has a limited liability. :)
How do you set up a sole trader?
advantages of a sole trader
Is body shop a sole trader?
Yes body shop is a sole trader.
Famous sole trader companies?
Lord Sugar is a famous sole trader in the UK.
What is a sole trader organization?
Sole proprietor
Can a sole trader employ people?
Yes. The status of sole trader means that the tax paid is all calculated part of YOUR income tax each year, you do not have to keep separate company books. Therefore your business expenses (including salaries of any people you employ or contract) come out of your earnings and are offset against your tax (you are therfore taxed on the profit you make). You MUST however keep clear receipted records and would be liable to any national insurance or tax payment you must make by law as an employer.
Characteristic of a sole trader?
the characterististics of a sole trader are: -unlimited liablitity -only one person controls the business which is called the sole trader - financial infomration is only visible for the owner of the business - the sole trader can keep all profit made by the business - it is a unicorporated business
How do sole trader provide employment?
Sole trader owns the business solely. It order to make the business survive he needs employees for his business. That means sole trader provides employment to society.
