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Sole Trader

This form of business structure is common for small businesses.

Whilst being a sole trader you will be your own boss and this will offer a great deal of flexibility. When setting up your main concern will be liability; as a sole trader you will be solely liable for the business.

The main contracts you will probably have is with suppliers and customers. These contracts will commonly include Terms and Conditions.

It is often the case that businesses which start as a sole trader later develop to Incorporate as a company.

Ashton Morton Slack is one of the regions leaders when it comes to providing legal advice to small businesses. Ashton Morton Slack can be there right from the very start of your business.

 

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