Which of the following statements about a sole trader is true?
A)A sole trader with employees must change to a different business structure.
B)Every sole trader must register their business name.
C)There are no special requirements to start operating a business if the sole trader uses their own name.
D)The sole trader must generally consult with customers,creditors and employees in deciding what the business will and will not do.

Question

Quizplus · Accepted Answer

A sole trader using their own name does not need to register a separate business name, unlike other business structures. However, if they use a different name, they are required to register it. There are also no special requirements to start operating the business if they use their own name, but they may need to comply with certain licensing and regulatory requirements depending on the industry they are in.

Which of the Following Statements About a Sole Trader Is