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What is a sole trader?

What is a sole trader? Here are some definitions.

Noun
  1. A type of business enterprise or proprietorship which is owned by one person who is fully liable for the company's debts and fulfilment of contracts with his/her personal wealth unless incorporated.
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To operate as a sole trader, simply contact HMRC and register for self assessment.
So, from the smallest sole trader to the biggest multinational, Isabel eInvoice has something for everyone.
Family businesses come in all shapes and sizes, ranging from the unincorporated sole trader to the multi-member incorporated business.
As soon as you start out as a sole trader you must register yourself as self-employed.
How confident do you feel about dealing with tax as a sole trader or small business?
I am thinking of becoming a sole trader but all the information that I have been able to gather so far is very complicated to understand.

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