A Guide To Setting Up A Business As A Sole Trader

Monday 7th November 2011

Cobweb Information

Introduction

Most people who start their own business do so as sole traders. Sometimes also known as sole proprietor or sole operator, this legal status is the most popular and effective for the majority of start ups. This is mainly because the legal and accounting requirements are not as costly or time-consuming as those of a business registered as a limited company.

This factsheet looks at...