B com Introduction to Business revision notes (I to B)
Sole trader is a person who manages and operates a business by himself. People with limited capital start this kind of business. The Sole trader is the most common and popular form of business. The sole trader has many advantages and disadvantages. Most of the businessmen claim that the advantages of operating as a sole trader outweigh the disadvantages of operating as a sole trader.
The sole trader can also be referred to as the sole proprietor.