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Home > QFINANCE Dictionary > Definition of sole trader

Definition of

sole trader

Business

person operating business alone somebody conducting business with total legal responsibility for his or her actions, neither in partnership nor as a company.

Related definitions of "sole trader"

sole trader - Related Articles
  • Frank Wood’s Business Accounting, Volumes 1 and 2

    Finance Library

    at the Open University Business School, and was previously at Queen’s University of Belfast, the University of Aberdeen, and the University of Strathclyde. Comprehensive analysis of how to prepare accounts for sole traders, partnerships, companies, and groups, with a detailed examination of the key

  • What Entrepreneurs and Small Business Owners Can Do to Increase Their Chances of Success in the Global Economy

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    The Great American Hanger Company was founded by 25-year-old entrepreneur Devon Rifkin in 1999. Rifkin’s vision was to create a company dedicated solely to providing solutions for clothes-hanging needs. The company supplies a broad range of hanger products in both wood and metal, some with fabric
    By Neuman F. Pollack

  • Why Turning Growth into Profit Is Challenging for Asian Economies

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    Higher-income groups generally invest rather than spend. Once they have hit a certain level of spending, their spend stays constant. The lower-income groups spend only on nondiscretionary items. So the additional, discretionary spend comes almost solely from the middle classes. That makes for a very
    By Peter Elston

  • Bankruptcy Resolution and Investor Protection in Sukuk Markets

    Best Practice

    The law does not have a specific definition of bankruptcy, but merely highlights the situations in which a trader will be regarded as bankrupt. The meaning may be inferred from Article 645 of the law, which provides that “a trader who ceases to pay his debts can apply to the court for his
    By Kamal Abdelkarim Hassan, Muhamad Kholid

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Definitions of ’sole trader’ and meaning of ’sole trader’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’sole trader’ and other financial terms with our online QFINANCE Financial Dictionary.

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