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Topic: Sole trader

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Partnership

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	Sole proprietorship - Wikipedia, the free encyclopedia
		A sole proprietorship essentially means a person does business in their own name and there is only one owner.
		A sole proprietorship is not a corporation, it does not pay corporate taxes, but rather the person who organized the business pays personal income taxes on the profits made, making accounting much simpler.
		A business organized as a sole proprietorship will likely have a hard time raising capital since shares of the business cannot be sold, and there is a smaller sense of legitimacy relative to a business organized as a corporation or limited liability company.
	en.wikipedia.org /wiki/Sole_proprietorship (386 words)

	Sole trader
		Sole trader, as the name suggests, is where an individual is the sole owner of a business.
		The pressure put upon the sole trader must not be ignored, and if you are thinking of becoming self-employed as a sole trader you must address this issue as it could ultimately threaten the survival of your business.
		Apart from the pressures placed on the sole trader by the larger organisations, you are also fully liable financially, and the need for your business to examine the implications and consequences of bankruptcy or loss of personal possessions due to the individual accepting unlimited liability must also be considered.
	www.checksure.biz /sole_trader.htm (676 words)

	Business Victoria - Starting a Business - Sole Trader (Site not responding. Last check: 2007-09-01)
		A sole trader is a simple business structure, giving the owner all the decision making flexibility as well as managing the financial and as your business develops, it is possible to register as a company with ease.
		Operating as a sole trader has one important disadvantage and that is that the operator's liability is unlimited.
		As a sole trader, you are required to include a declaration of income earned from the business as a part of your personal tax return.
	www.business.vic.gov.au /BUSVIC/STANDARD/1001/PC_50048.html (565 words)

	sole - Search Results - MSN Encarta
		Sole, any of several species of flatfishes found in tropical and subtropical oceans and also in fresh water.
		Sole Trader, one person who runs a business, receiving all profits and responsible for all liabilities.
		Hoofs have two parts: the hard, insensitive upper portion called the unguis, and the relatively soft pad at the base called the subunguis, or sole...
	ca.encarta.msn.com /sole.html (202 words)

	Getting started
		ABN: A sole trader who is carrying on an enterprise in Australia may apply for an ABN for their business and use this number for all their business dealings.
		A sole trader is required to be registered for GST if their annual turnover is $50,000 or more.
		Drawings: A sole trader cannot claim a deduction for money they ‘draw’ from their business on a regular basis as this is not considered to be wages.
	www.ato.gov.au /businesses/content.asp?doc=/content/66952.htm&page=4&H4=&pc=001/003/039/001/008&mnu=841&mfp=001/003&st=&cy=1 (1533 words)

	TRADER AGREEMENT (Site not responding. Last check: 2007-09-01)
		Trader agrees to be liable to FXCM for interest on amounts due from Trader to FXCM at an interest rate equal to three (3) percentage points above the then prevailing prime rate at FXCM principal bank or the maximum interest rate allowed by law, whichever is lower.
		Trader agrees to pay a transfer fee, to be designated by FXCM in the event Trader instructs FXCM to transfer open positions, moneys, and/or property of Trader’s account to another institution.
		Floor, New York, NY 10004 USA; the term “Trader” shall mean the party (or parties) executing the Agreement; and the term “Agreement” shall include all other agreements and authorizations executed by Trader in connection with the maintenance of Trader’s account with FXCM regardless of when executed.
	www.fxcorporate.com /Agreement/trader_agreement.html (3197 words)

	Irish Accountants, Edward F. Molloy & Co.
		CONTACT US A sole trader is a trade that is owned and controlled by one person.
		A "sole trader" is described as a person trading under his / her own name, or a registered business name.
		The sole trader is not required to file accounts which would be available for inspection by the public.
	homepage.eircom.net /~marvin/soletradervcompany.html (320 words)

	Sole trader
		Most sole traders opt for a short-gestation projects that are operational within a short time.
		A sole trader in UK does not have to comply with as many regulations as an incorporated company.
		Most sole traders in UK are averse to credit sales due to capital and information constraints, but the situation is changing though.
	www.checksure.biz /sole-trader.htm (671 words)

	Sole Trader
		Sole trading is when an individual is the only owner of the business and has complete control over the way it is run.
		This majority of sole traders are in the service sector, including photographers, plumbers, hairdressers, shops, real estate agencies and bed and breakfast hotels.
		As a sole trader your profits are taxed as any other income by the Inland Revenue.
	www.alphalimited.co.uk /start_business/sole_trader.htm (679 words)

	MGI Malta - Publications - Articles - Sole Trader or Limited Company?
		The transfer of the business assets from a sole trader to his heirs can sometimes be very cumbersome requiring the opening of the will, transfer of legal titles to property etc. This can also be very costly, especially where a will is challenged in court.
		In the case of a sole trader only banks can demand a copy of the accounts, and in most cases these are not prepared to any standards and nor are they audited.
		When a trader has more than one business, it is always advisable to incorporate each into a separate company thereby ensuring that the problems of one business will have no effect on the other business.
	www.mgimalta.com /publications/articles/sole-trader-or-limited-company.htm (1242 words)

	Corporation of London - Wikipedia, the free encyclopedia
		Each body or organization, whether unincorporated or incorporated, whose premises are within the City of London may appoint a number of voters based on the number of workers it employs.
		In any case, an election must be held no later than six years after the previous election.
		The sole qualification for the office is that Aldermen must be Freemen of the City.
	en.wikipedia.org /wiki/Corporation_of_London (907 words)

	Sole trader (enskild näringsidkare) - Bolagsverket (Site not responding. Last check: 2007-09-01)
		Business activities carried on by a sole trader can be regarded as a form of business enterprise, but not as a legal entity.
		If you register as a sole trader your business name will be protected only in the county in which your business enterprise is registered.
		Instruction sheet in English (903), to be used with form 903 for register as a sole trader.
	bolagsverket.se /in_english/do_you_want/start_business/sole_trader/index.html (388 words)

	Sole Trader Accountants > Whiting & Partners
		Conducting business as a sole trader is the simplest and most popular form of trading medium.
		As well as being described as a sole trader, such businesses may also be referred to as self employed, sub-contractor, tradesman, schedule D, or numerous other descriptions.
		Representing you when your sole trader activities are investigation by the Inland Revenue.
	www.whitingandpartners.co.uk /Services/Sole_Traders.htm (246 words)

	Setting up as a Sole Trader
		Being a sole trader is the simplest way to get started in business (although not necessarily the best, you need to get professional advice before taking the plunge).
		As a sole trader, you can quickly adapt to changes in your business with minimal bureaucratic changes required and you have complete control over your business and accounting affairs.
		Being a sole trader will suit a large number of small business people, however it is not always the best route which is why we suggest discussing your choices with an accountant or other adviser.
	www.bytestart.co.uk /content/19/19_1/what-is-a-sole-trader.shtml (904 words)

	Sole traders
		Sole Traders receive their income by taking drawings out of their business.
		Sole Traders are also liable for any money that their business owes; a creditor can take them to court and force them to sell their personal assets - rather than the business's - in order to pay any amounts owed.
		There are no legal requirements for sole traders to produce financial statements - or to have any accounts audited by an accountant.
	www.askltd.com /askjava/soletrad.htm (124 words)

	Sole trader confusion over employers liability insurance rules
		This confusion is leaving some small businesses vulnerable to crippling fines: many sole traders might not be aware that when employing seasonal, part-time staff or even unpaid volunteers they must take out EL insurance as a legal requirement.
		The research shows that 17% of sole traders in the UK employ seasonal or part-time staff without adequate EL cover, this equates to over 50,000 sole traders.
		This means that a large amount of sole traders would be breaking the law and leaving their businesses not only open to possible fines of up to £2,500 per day but also liable for compensation and legal fees if an employee is injured or becomes ill at work.
	www.bytestart.co.uk /content/20/20_3/employers-liability-insurance-sole-traders.shtml (646 words)

	part time ebusiness...sole trader/ltd? - www.ezboard.com
		I realise that as a sole trader you are personally responsible for debts etc and can risk losing personal assets, but the only debts I will have initially are cost of website, hosting and some recruitment software.
		A shareholder in a company limited by shares (the normal form of limited company) is (unlike a sole trader) not generally liable for the debts of the company so in general he stands to lose only the money he has paid for his shares.
		With regard to trading names, both sole traders and limited companies (and LLP’s) can (subject to certain formalities) use a trading name, so it is not necessary to set up a limited company purely in order to be able to trade under a catchy name.
	p201.ezboard.com /fcukfrm4.showMessage?topicID=676.topic (923 words)

	sole (1) definition - Dictionary - MSN Encarta
		Do not confuse the spelling of sole and soul, which sound similar.
		There are several words spelledsole: one means "the underside of the foot or of a shoe," and can also be used as a verb meaning "put a sole on a shoe"; another is a noun denoting a fish; a third is an adjective meaning "only" or "exclusive" (as in the sole reason, sole responsibility).
		Soul is a noun meaning "a person's nonphysical aspect or spirit," "spiritual depth," or simply "a person," as in heart and soul, a novel that lacks soul, not a soul to be seen.
	encarta.msn.com /encnet/features/dictionary/DictionaryResults.aspx?refid=1861710109 (276 words)

	Sole Trader Information
		It may be argued that a sole trader can seize opportunity the minute it appears without permission from partners or business colleagues and thus gain a market advantage.
		It is relatively easy to wind up a sole trader business than that of a registered company.
		Many sole traders make the mistake of believing that they will only be taxed on the amount of drawings they make on the business.
	www.directadvice.co.uk /sole-trader-information.asp (520 words)

	limited company, sole trader, partnership, limited liability partnership, legal entity
		As a sole trader you are totally liable for any debts or legal compensation your business becomes liable for.
		Unlike a Sole Trader or a Partnership, the Limited company is legally a separate entity in its own right.
		As a rule of thumb you are usually better off, from a Tax and NI point of view, to set up as a sole trader or partnership - however few partnerships outlast the business and people who you have known for years, as friends, often turn out to be terrible business partners.
	www.fastlinksolutions.co.uk /limitedc.htm (2539 words)

	FRESHeFUTURE guide to starting a small business by becoming a sole trader or partnership (Site not responding. Last check: 2007-09-01)
		Being a sole trader means that only one person owns the business and either works alone, or employs others.
		Like the sole trader, the most common form of partnership has no separate legal identity as it does not need to be incorporated or registered with Companies House.
		It is far more difficult for a limited company to become a sole trader or a partnership.
	www.freshefuture.co.uk /BizTypeSolePart.htm (873 words)

	[No title] (Site not responding. Last check: 2007-09-01)
		A Sole Trader, sometimes also referred to as a Sole Proprietor, is an individual who directly carries on a business income earning activity, without any additional formal legal structure.
		Operating a business as a Sole Trader has its disadvantages from a legal point of view, as the Sole Trader is entirely responsible for all claims against the business.
		A Sole Trader can employ family members as employees such as a spouse and/or his/her children (preferably) over the age of 18, either full-time or part-time and pay wages for the services provided.
	www.businessenterprise.org.au /blueprint/blue5_2.htm (806 words)

	How to - Taxing sole traders
		A sole trader is a person trading on their own.
		If you are a sole trader you're probably not paying yourself a wage, but simply taking money from the business when you need it for personal use.
		A sole trader is taxed at the individual rates as shown below.
	www.ird.govt.nz /how-to/taxrates-codes/bit-taxrates-soletradertax.html (244 words)

	The Sole Trader
		The sole trader can employ others to do any or all of the work in the business.
		Large sums of capital are less likely to be available to a sole trader, and you may have to rely more on overdrafts and personal savings.
		A sole trader pays tax in their own right, as part of their personal income tax return at the personal rate of income tax.
	www.australia-migration.com /page/The_Sole_Trader/134 (398 words)

	Company v Sole Trader > the tax comparison (£3,000 tax saving ?)
		The decision of which trading medium to trade through should be based on many factors, and will usually require professional guidance.
		If minimising the taxation on profits is a key concern, and these profits are modest, trading as a private limited company, as opposed to being a sole trader or partnership, is still an attractive option.
		If you are interested in company 'v' sole trader tax comparison, please contact Ian Piper, our technical specialist, or allow him to contact you by completing your details below.
	www.whitingandpartners.co.uk /content/company_v_sole_trader_tax_comparison.htm (671 words)

	The Sole Trader
		The key to success is to exploit the advantages of being a sole trader and take seriously the disadvantages.
		part from the pressures placed on the sole trader by the larger organisations, you are also fully liable financially, and the need for your business to examine the implications and consequences of bankruptcy or loss of personal possessions due to the sole trader accepting unlimited liability must also be considered.
		f you are considering setting out in business as a sole trader, then you need to take all these consideration on board.
	www.businessbureau-uk.co.uk /new_business/sole_trader.htm (422 words)

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