Sole trader

Accounts for Sole Traders

A Beginner’s Guide Based on Setting up Accounts for Sole Traders!

If you intend to associate yourself with self-employment or trading as a sole trader, the most important process you need to learn is to record your income and expenses. Here comes the need to set up your accounts. To set up sole trader accounts, be vigilantly aware of factors like national insurance and tax that

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unlimited liability

Everything you need to know about Business unlimited liability

Before we define unlimited liability, the need is to know the meaning of business liability. All kinds of businesses come with the factor of liability. It means the owners, shareholders, or members are responsible for the business debts. Liability can be of two types.   Limited Liability Unlimited Liability   1- Limited liability means the

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