sole trader
An individual running a business on his own account without a company. He is personally liable for the business debts and liabilities and all his personal assets are available to satisfy business creditors. If the business fails and he becomes insolvent he is likely to face bankruptcy.

Easyform Glossary of Law Terms. — UK law terms.

Look at other dictionaries:

  • Sole trader — A feme sole trader. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • sole trader — sole traders N COUNT A sole trader is a person who owns their own business and does not have a partner or any shareholders. [BUSINESS] Finance for a sole trader usually comes from the individual s own savings or from family and friends …   English dictionary

  • sole trader — a person who trades by himself/herself without the use of a company structure or partners and bears alone full responsibility for the actions of the business. Glossary of Business Terms The sole promoter has unlimited liability. In other words,… …   Financial and business terms

  • sole trader — Law. See feme sole trader. * * * …   Universalium

  • sole trader — Law. See feme sole trader …   Useful english dictionary

  • sole trader — noun A type of business enterprise or proprietorship which is owned by one person who is fully liable for the companys debts and fulfilment of contracts with his/her personal wealth unless incorporated. See Also: sole proprietor …   Wiktionary

  • sole-trader — adjective noun …   Wiktionary

  • sole trader — /soʊl ˈtreɪdə/ (say sohl trayduh) noun an individual who carries on a business for his or her own profit, without being in partnership or incorporated into a company …   Australian English dictionary

  • sole trader — /səυl treɪdə/ noun a person who runs a business, usually by themselves, but has not registered it as a company …   Marketing dictionary in english

  • sole trader — Fin a person conducting business with total legal responsibility for his/her actions, neither in partnership nor as a company …   The ultimate business dictionary

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