Become a Sole Trader: Understanding Business Structures for Small Business
What is a Sole Trader? If you're thinking about starting your own business, one of the first things you need to decide is the type of business structure that best suits your goals. For many small business owners, becoming a sole trader is the simplest and most flexible option. In this guide, I'll explain everything you need to know about operating as a sole trader, from the basics to how it stacks up against other business structures. Key Takeaways: Operating as a single business owner is the most straightforward structure, perfect for individuals launching small ventures. Sole traders have full [...]