A sole proprietorship or sole trader is an unincorporated business with a single proprietor who pays private earnings tax on profits earned from the business. Investopedia requires writers to make use of major sources to help their work. These embrace white papers, authorities data, unique reporting, and interviews with industry consultants. We also reference original research from different reputable publishers where appropriate. You can be taught more about the requirements we comply with in producing accurate, unbiased content in oureditorial coverage. Regardless of what choice you select, prospective lenders want to see details on paper, especially if and when you’re just starting out.
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