Self-employment In The Modern Day

Image by/from Office for National Statistics Self-employment is the state of working for oneself rather than an employer. Generally, tax authorities will view a person as self-employed if the person chooses to be recognized as such, or is generating income such that the person is required to file a tax return under legislation in the […]

Trade Name vs Registered Legal Name

A trade name, trading name, or business name is a name used by companies that don’t want to operate under their registered name. The term for this type of alternative name is a “fictitious” business name. Registering the fictitious name with a relevant government body is often required. In a number of countries, the phrase […]

What is a Sole proprietorship

A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work ‘alone’—it is possible for the sole trader […]