What is the purpose of a sole trader?

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1052742

2026-08-03 06:30

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The purpose of a sole trader is to provide a service for a client and charge for that service. As with definition, a sole trader is usually a person who works under the listing of a business they legally own, control and 'provide' for - they pay their own gains tax (No matter how much), and own, and arethe company as it's registered. This can also be known as self employed.

They are, however, responsible for any debts which may happen, and cannot rely on the financial protection of being employed.

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