A Sole Trader is the simplest form of business, where a business is owned and operated by one individual, although they might employ any number of people. With this form of entity there is no legal distinction between the owner and the business. To this end the owner receives all of the profits of the business but has unlimited liability for all the losses and debts of the business.
Similar to a sole trader are partnerships, where the owners also receive all of the profits and have unlimited liability for the losses and debts of the business. The Key distinction is that there are at least two owners. The Joint owners, or partners, are jointly and severally liable for the losses the business makes.
Whether your a startup, established and looking to grow or in need of a new or change of Accountant, We can offer you and your business our experience tools and services to help.
If just starting or setting up and need that initial support with compliance, taxation and all relating paperwork we can help. We can disuss and set up everything you personally and your business needs in order to get up and running giving you that important time to run your business.