Our guide to operating a sole trader business

A sole trader is the individual owner of a business which, unlike a limited company, is not legally distinct from its owner. It means that a sole trader is entitled to keep any after-tax profits they make, but also that they’re personally responsible for any debts.

If you’re brand new to running a business as a sole trader, you’re probably wondering what rules you must comply with.

Download our guide to everything you need to know about operating as a sole trader, including your deadlines and responsibilities.