Starting as a Sole Trader in the UK: Legal Requirements, Benefits & Risks

Setting up as a sole trader is one of the most popular and accessible ways to start a business in the UK, especially for freelancers, consultants, and first-time business owners. While the process is relatively simple, there are several legal responsibilities and business risks that new sole traders should be aware of before taking the leap.


🧾 What Is a Sole Trader?