1. Overview

Sole traders must register with HM Revenue and Customs (HMRC) and follow certain rules on running and naming their business.

If you’re a sole trader, you run your own business as an individual and are self-employed.

You can take on staff - being a sole trader means you’re responsible for the business, not that you have to work alone.

Your responsibilities

You’re responsible for:

Naming your business

You can use your own name or trade under a business name - read the rules for naming your business.

You must include your own name and business name (if you have one) on any official paperwork, like invoices and letters.