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What is a sole trader?

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What is a sole trader?

asked Aug 4, 2022 89.3k views

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What is a sole trader?

Business
high-school

by Moaz H

8.6k points

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1 Answer

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Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).

The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.

Luke Needham answered Aug 10, 2022

by Luke Needham

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