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sole trader

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › sole trader

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  • December 18, 2017 at 8:54 pm #423980
    graygunners
    Participant
    • Topics: 12
    • Replies: 8
    • ☆

    Is a sole trader a person who is doing business by him self and can a sole trader have limited liability.?

    December 18, 2017 at 9:02 pm #423981
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23200
    • ☆☆☆☆☆

    Yes

    and

    No

    But a person carrying on business on his / her own could form a company (either private or public) and that would create a limitation on the individual’s liability

    OK?

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