sole trader
Frequency: 6.26.0 per million words
a person who is the exclusive owner of a business
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Examples (10)
- You can set up in business as a sole trader, in partnership or as a limited company.
- She decided to become a sole trader to have full control over her new venture.
- As a sole trader, he is personally responsible for all business debts and liabilities.
- Many small businesses start out as a sole trader before expanding or incorporating.
- The accountant advised him on the tax implications of operating as a sole trader.
- Being a sole trader offers simplicity in setup but comes with unlimited personal liability.
- She has been a successful sole trader for over five years, running her own design studio.
- Setting up as a sole trader is often the quickest and easiest way to begin self-employment.
- The government website provides comprehensive guidance for individuals considering becoming a sole trader.
- Despite the risks, he preferred to remain a sole trader to maintain complete autonomy.