Business GCSE
Sole trader
What Sole trader means in Business GCSE, as defined for AQA, OCR.
Definitions of Sole trader
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Reference: AQA
A legal structure that may suit low-risk, low-cost ventures, and whose owner has unlimited liability.
A business owned and controlled by one person, although it may employ staff.
A business owned and operated by one person.
Topics that use Sole trader
- Business ownership (AQA GCSE)
- Business ownership (OCR GCSE)
Related terms
- Incorporation
- Partnership
- Private limited company (Ltd)
- Public limited company (plc)
- Unlimited liability
- Conflict and agreements
- Dividend
- Incorporated structures
Using Sole trader in the exam
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