Sole trader vs self-employed – what’s the difference?

Sole trader vs self-employed – what’s the difference?

Deciding to start your own business is a major step that you’ll need to consider carefully. Becoming self-employed has many benefits but there’s a lot to think about. Before you join the estimated four million self-employed people in the UK, it’s important that you understand how things are structured and the meanings of key phrases. So, what is a sole trader? And what counts as self-employment? Sole trader vs self-employed – is there a differe…