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September 13, 2018

Sole Trader

Written by Dinghy

The freelance insurance provider that helps freelancers build successful businesses

Sole Trader Definition
A sole trader by definition is the sole owner of their business through which they are self-employed. It is the simplest legal structure by which to run a business, with the most common alternative being a Limited Company. Sole traders hold personal financial liability for their business. With regards to tax calculations and liabilities, the identity of the business and the business owner are one and the same.

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