Become a sole trader (2024)

A sole trader is a type of business. You can be a sole trader as your only job or at the same time as working for an employer.

See Also
Single-Member LLC vs. Sole Proprietorship

You will need to set up as a sole trader if the following apply:

  • you’re running your own business as an individual
  • you work for yourself

This is different from owning a limited company or being in a partnership.

See Also
Self Assessment - Community ForumThe difference between self-employed and sole tradersHow much income tax will I pay as a sole trader? | Sole trader tax | InformiSole Trader: Definition, Benefits & Examples
Become a sole trader (2024)
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