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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    NSW gst & tax related issue with ex being a sole trader & unpaid tax & Gst for 4 years

    Writing this on behalf of sister, Husband as been sole trader & has not paid individual tax or gst for four years. She was not part of this sole trader business ,has only become aware of this just after separation approx 80K ++ tax & gst 40K whilst we can understand that she has had the...
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    WA a false google my business review

    i am a semi retired person in the computer repair business I have a great, flawless reputation with 100% 5 star reviews going back over a very long time i had someone show up at end of day on a weekend asking me to fit a battery they provided. I said ok. They did not bring a power cord because...
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    NSW Starting Online Business as Sole Trader - Risks of Personal Assets

    I am planning to start an online business selling products to customers. I have decided to operate as a "Sole Trader" for the start. In the business.gov.au website, I went through the "Key Aspects of being a Sole Trader" and came across this sentence: Has unlimited liability - all your personal...
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    NSW Business Structure for Professional Services - Sole Trader, Partnership or Corporation?

    Which one is the best business structure for professional services firms, sole trader, partnership or corporation? The traditional way is a partnership, but is it no longer viable due to unlimited liability and no separation of legal entity? What are the pros and cons of these 3 types of...
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    VIC Questions to Set Up as Sole Trader?

    A colleague has some questions. He is setting up a sole trader business cleaning windows. 1. Can his business have a name such as "sparking windows" as opposed to his name? 2. He lives in a rental property whose lease is in his partner's name. The lease states no businesses can operate from...
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    VIC Food Delivery Service as a Sole Trader - Commercial Law Regulations?

    Hi everyone. I am planning to start an online food delivery service (like UberEats) as a sole trader to deliver homemade food (sourcing from independent home-based kitchens - not us) to customers. Basically a website where: Customers: Select their food from the menu, order it to get it...
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    NT Property Settlement - Forced to Resign and Relinquish Shares?

    Hi, I am currently going through family circuit court proceedings in regards to children's matters and property settlement. My ex and I were together since 2005 and have incorporated his sole trader business to a PTY LTD in Nov 2005. I am currently still company secretary and 50% shareholder...
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    NSW Builder not paying subcontractor due property damage

    Hi everyone I'm a sole trader been working for a builder pty Ltd on a new private home as a subcontractor. I made some scratches on a glass wall while sanding stairs. Becsuse of this they didn't pay my last 2 invoices . They paid my first progress payment invoice and partly the second. They...
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    VIC Registering a Trademark in Multiple Fonts and Styles?

    Hi there, I run a very small business as a sole trader, registered under my own name, and I'm looking into trademark registration for use as a business name / brand. My question is regarding the fonts and styling protected under a single trademark registration, i.e. can a single trademark...
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    NSW Sole Trader Pitched at Client - Legal Claims?

    Hello all, I am a sole trader, often doing freelance work for businesses in the creative field. Recently one such business, whom I have freelanced for in the past, has sent me a ‘Notice of Intent’ (from their work email address) on ground of the following event: - The operator of business...