Legislation And Case Law On Forms Of Business Organisations And Director Duties In Private Limited Companies In The UK

Features of Sole Trader Form of Business OrganizationA sole trader is a type of business organization which is owned, managed and controlled by a single person. He is the only person who has to do all the arrangements with regards capital required to run the business as well as manage the business single-handed. Thus since the business of a sole trader is a one man show, therefore the profits earned are also only his and he is not required to sh…