What is a sole trader?
A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn’t have any legal identity separate to its owner. That leads many to say that as a sole trader you…
sole trader
10 Reasons to be a Sole Trader
Setting up as a sole trader is the most popular way of starting up a new business in the UK. It’s especially common amongst those going into business on their own for the first time. Starting your business as a sole trader has…
Do I need a business bank account?
Not all businesses are required to have a business bank account. Many business that are not legally required to have a business account still decide to operate with one as they do offer many benefits.…
Disadvantages of a Sole Trader
We’ve already looked at the advantages of operating as a sole trader, but there are also important disadvantages that come with sole trader status. It’s for those reasons, and the advantages of incorporating your business,…
2024 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2023, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website
