GBSLEP

Find Partners, Premises & Suppliers

Many businesses start with just one person, known as a ‘sole trader’. If you set up as a sole trader you’ll be self-employed, which means you’ll be your own boss.

You’ll also be responsible for:

  • managing your own time
  • looking after all of your company’s admin and accounts
  • taking risks with your own money, particularly if you’re leaving full-time employment

Whether you set up as a sole trader, partnership or limited company, your business is likely to involve working with more people to develop and sell your idea - including partners, suppliers and distributors.

Date last updated: 27/05/2015