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About Sole Trader Businesses

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  • This form of business is unincorporated and unregistered with Companies House (the UK registrar of Companies).
  • The business is conducted and operated by one person, who is personally liable for all debts and legal obligations of the business.

Who Can Own And Run A Sole Trader Business

  • Anyone in the public can run a sole trader business, however it must be noted that in order to enter legal arrangements (such as contracts) such persons must be of legal age, which is defined as 18 years of age under English and Welsh law.

Why Would This Type Of Company Be Formed?

  • Generally business owners who prefer to conduct their business without worrying about the filing and legal obligations associated with an incorporated company will form this type of business.

Taxation Advantages

  • Generally business owners who prefer to conduct their business without worrying about the filing and legal obligations associated with an incorporated company will form this type of business.

You Should Note

  • If you are wishing to register a sole trader business by using our Go Solo Plus Package, and are planning to register the company you incorporate in order to protect your business name to your home address, it is this address which will appear as the central correspondence address for your company on the public register. It is therefore accessible by anyone. If you don’t wish to use your home address in order to protect your privacy, then you can benefit from using our Registered Office Address Service.
  • Select the links below in our Address Services details to find out more.
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