A sole trader is an individual who runs their own business. It’s the simplest form of business structure. It’s inexpensive to set up with few legal and tax requirements, making it less complex to run than other business structures.
If you’re a sole trader you are not an employee, but you may employ others.
Last modified: 15 Nov 2023
Starting a small business
| Steps | Progress | ||||
|---|---|---|---|---|---|
Is my hobby a business? |
9 mins | ||||
Business structures overview |
5 mins | ||||
Business registrations |
5 mins | ||||
Sole trader structure |
7 mins | ||||
Partnership structure |
10 mins | ||||
Company structure |
13 mins | ||||
Trust structure |
7 mins | ||||
Small business support |
10 mins | ||||
Related courses |
1 mins | ||||
Course Feedback |
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