Sole Trader Business Structure Explained Simply

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Thinking about starting a business? One of your first steps is choosing the right business structure. In this video, we explain what it means to be a sole trader, the pros and cons of this setup and why it’s a popular choice for freelancers, side hustlers and small business owners.

Learn the key advantages - like low startup costs and full control - as well as the risks, including unlimited liability and tax obligations. By the end, you’ll know whether being a sole trader is the right fit for your business journey.

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