What is the differences between sole trader and a charity?

A sole trader is an individual who runs their own business and retains all profits, bearing personal responsibility for any debts. In contrast, a charity is an organization established to pursue a specific social, educational, or humanitarian mission, primarily relying on donations and grants for funding. Charities are typically not driven by profit and must reinvest any surplus into their charitable objectives, while sole traders aim for financial gain. Additionally, charities enjoy certain tax exemptions and must adhere to regulations that govern their operations and transparency.