Setting up as a sole trader
27 Mar 2013
Setting up as a sole trader is a low-cost, straightforward way to start a business, which makes it a popular option for the first-time self-employed.
Written by
The Big Idea Editor
Setting up as a sole trader is a low-cost, straightforward way to start a business, which makes it a popular option for the first-time self-employed.
Setting up as a sole trader is a low-cost, straightforward way to start a business, which makes it a popular option for the first-time self-employed.
In fact, if you woke up tomorrow and decided to start a business on your own, you would automatically be classified as a sole trader until you chose a different business structure by entering into a partnership or incorporating your business as a company.
Source: Ministry of Business, Innovation and Employment.
FURTHER READING:
On structures for your business and other entities
