sole trader

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A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work 'alone'—it is possible for the sole trader to employ other people.The sole trader receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. It is a "sole" proprietorship in contrast with partnerships (which have at least two owners).
A sole proprietor may use a trade name or business name other than their or its legal name. They may have to legally trademark their business name if it differs from their own legal name, the process varying depending upon country of residence.

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    QLD Is Personal Accident Insurance Mandatory for Sole Trader?

    As a Sole Trader with an ABN, I started with a certain company that contracts parcel delivery from Auspost. They insisted that I have personal accident insurance and have set this up for me through the post office, (POAAL) and have deducted the amount from my first invoice week. Is having...
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    NSW Possible for One Partner to Assume All Debt?

    When one person is leaving a partnership and the other will continue the business as a sole trader, is it possible for the partner continuing on the business to assume all debt occurred if both parties agree and sign a document stating this?
  3. hopeislost

    NSW Am I Entitled to Full Amount of Compensation?

    I have been working the last year as a sole trader for a startup incorporated in the USA. I've quit and am about to leave. In my employment contract, I have been receiving compensation for my services but have deferred full compensation as part of the contract (because they're a startup and...
  4. S

    VIC Am I Entitled to a Workcover Claim?

    Hi, I am a self-employed tradesman (sole trader). I was painting a house for a volume builder (sub-contract) when at the end of the day, when I was packing up, I slipped on the front porch/entry of the house and caused a lot of injury to my knee, back, head and right arm. I am in a lot of pain...
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    WA Australian Consumer Law - Sole Trader Dispute with Strata Council?

    Hi there. I am a sole trader plasterer currently in dispute with a Strata Council with liaison being provided by their management company. Very aggressive and dismissive in conduct. The problems arose after I was asked to provide an aesthetically pleasing finish to an existing tiled facade and...
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    QLD Employment Law - Work as Sole Trader but Retain Full-Time Employment?

    Hi, I'm new to this and was hoping for some help. I need help in regards to trying to start work as a sole trader whilst still remaining a full-time employee. I am a Physiotherapist and with my current employer, my role is State Manager. My position with my employer is quite strong as I have...
  7. M

    NSW My Tax Return Accountant is Suing Me - What to Do?

    I live in NSW / Australia. I have been dealing with my accountant for the last 15 years . I used to pay him between 300 to 500 Dollars per year for my tax return as a sole trader . For personal reasons, I did not lodge my tax return for several years then when I lodged them, he sent me a tax...
  8. S

    SA Copyright in Photographs under Intellectual Property Law?

    In 2010 I was contracted by a company to build a pergola. I built it under my builders/supervisors licence, insurance and sole trader (ABN). I employed a trades assistant at the time of the build. Months later I built a decking, bech seat and timber screen under the pergola. This decking was my...
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    QLD Customer won't Pay Invoice - How to Enforce QCAT Ruling?

    Hi, I am a sole trader (mobile auto technician). I have recently taken a customer to QCAT over an unpaid invoice of approx $1700. QCAT ruled in my favour that the customer pay the invoice. However no due date was on the ruling. It has been nearly a month since the ruling and I have not received...
  10. Tom Zoumboulidis

    VIC Starting an Online Business as a Sole Trader

    I am starting out in business (online startup) as a Sole Trader. I am in the process of building a house. Should I transfer it to my wife only in case something goes wrong with my business? Or what is the best thing to do? I am happy to provide with more info if needed.
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