Also called Sole Proprietor. A business which is owned and managed by one person who is responsible for any debts which are incurred, keeping their own accounts, etc.

a business which legally has no separate existence from its owner, with no limitations of liability. The debts of the business are therefore the debts of the owner.

An individual owning and operating a business alone.

A business owner who is not legally separate from their business and whose business has no other owners.

A self-employed individual who is registered with HMRC for Self-Assessment and pays Income Tax on all taxable income. Sole traders are not required to register with Companies House.

An owner of a business who is wholly responsible for the day to day running of the business and its debts. They are generally small firms with few employees

An individual in business, not conducted through a company.

Sole traders are business owners trading with personal liability.

or partnership

You own your business and keep all the profits you make after tax, but equally, any business losses are your losses. Structural survey