Sole trader just means you own and run a business or company entirely by yourself and you own it all, of course you hire workers for it but there's no partner with you to split the profits you make because you own it all and it all entirely goes to you.
Sole trader it means Sole trade agence?
Sole trader it means Sole trade agence?
Sole trader it means Sole trade agence?
a sole trader has a limited liability. :)
advantages of a sole trader
Yes body shop is a sole trader.
Lord Sugar is a famous sole trader in the UK.
Sole proprietor
A sole trader can employ as may people as is necessary
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
it is not easy for a sole trader to get a loan so easily as the business is new and the bank ownt know if the sole trader will be able to repay the loan.
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.