SOLE TRADER

Sole trader is a that business which is owned and operated by one person.It is owned and management by one person but there might be any number of employees.A sole trader is fully and personally liable for any losses that the business might make.

According conventions recognise the business as a separate entity from its owner.Althow it has unlimited liability.Actually it is a small business and owner provides all financial resources.

The advantage of operating as a sole trader is flexibility and autonomy.He can operate the business in his personal will and manage the business as he likes.Also he can introduce or withdraw  capital at any time.