sole trader

English - English

Definition of sole trader in English English dictionary: A type of business enterprise or proprietorship which is owned by one person who is fully liable for the company's debts and fulfilment of contracts with his/her personal wealth unless incorporated; An individual owning and operating a business alone; An individual running a business All revenues and payments from the business are incorporated within the individual's personal financial and tax affairs; These are individuals running their own company, often using a trading style (T/A) They get all the profits, and also take all the losses which can include all personal assets; A feme sole trader; the term used to describe a business which is owned by a single person; an individual proprietor, the simplest form of business, e g a shop or store owned and run by a single person; A sole trader is a person who owns their own business and does not have a partner or any shareholders. Finance for a sole trader usually comes from the individual's own savings or from family and friends; An individual who runs a business in their own name and which is not a limited company or a partnership; A person who trades on their own •Businesses
sole traders: plural form of sole trader
sole-trader: Attributive form of sole trader, noun

sole trader

Hyphenation

sole trad·er

sōl treydır

/ˈsōl ˈtrādər/ /ˈsoʊl ˈtreɪdɜr/

[ 'sOl ] (noun.) 13th century. Middle English, from Middle French, from Latin solea sandal, a flatfish.

History

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