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Anyone can become a Sole Trader, once approved-business can immediately commence. Examples of Sole Trader businesses are Ice-cream sellers, sundry shop owners, florists and hair salons, cobblers and boutique owners. Sole Traders can be found in various types of businesses. Many large companies started off as a Sole Trader business.
2.1 Strengths of Sole Trader
Being a sole trader has its pros and cons. The pros are setting up a sole trader business is easy because of the little amount of investments to start the business running. The strengths of being a sole trader is that all profits made by the business belongs to the owner...
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