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Businesses at work introductory Sole trader Sole trader is a person who sets up a business by themselves. As a Sole trader the owner himself is responsible for every action made and also keeps all of the profit. 2 examples of a Sole trader is a off license and a newsagents. Both of these are similar businesses because the way both of these work but the newsagents have to get up in the morning earlier to get the newspapers and deliver them to the customers who want to read the newspaper. Whereas the off license doesn't need to. ADVANTAGES OF THE SOLE TRADER * The business is to set up. Apart from any necessary licences or planning permission, there are very few legal formalities. * Although accounts are seen by the inland revenue, they do not have to made by public. * The business is usually small, and the owner is in charge of the management....

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