Guide

Set up as a sole trader

Last updated: 16 May 2017

Overview

Sole traders must register with HM Revenue and Customs (HMRC) and follow certain rules on running and naming their business.

If you're a sole trader, you run your own business as an individual and you're self-employed.

You can take on staff - being a sole trader means you're responsible for the business, not that you have to work alone.

Your responsibilities

You're responsible for:

Naming your business

You can use your own name or trade under a business name - read the rules for naming your business.

You must include your own name and business name (if you have one) on any official paperwork, like invoices and letters.

Set up as a sole trader
Overview