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E5 and A2 - Compare and Contrast a set of Final Accounts for a Sole Trader and a Non-Profit Organisation A sole trader, otherwise known as a sole proprietor exists where as a single person owns and runs a business. This is a very common form or organisation in the UK. Sole traders have grown substantially over the years. There are several reasons for this trend including more opportunities for firms on consultancy basis and government support for self-employed. Most sole traders work on their own. This need not be the case though, there is no theoretical reason why a sole trader couldn't employ a hundred staff and own up to nine factories, and however, in practice this is unlikely that a single person could raise that amount of capital needed for an organisation as big as that. A sole trader holds full responsibility for the financial control over his or her...

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