• Single owner: The sole trader is the only owner of the business and is personally liable for all debts and obligations of the business.
• No legal distinction: There is no legal distinction between the owner and the business, and the owner is personally responsible for all the decisions and actions of the business.
• Easy to set up: Setting up a sole trader business is relatively easy and requires minimal paperwork, making it a popular choice for small businesses and entrepreneurs.
• Unlimited liability: One of the main drawbacks of being a sole trader is that the owner has unlimited liability, meaning that they can be held personally responsible for any debts or legal obligations of the business.
• Taxation: Sole traders pay taxes on their business income as personal income, and are subject to personal income tax rates.

Overall, sole trader businesses are a simple and flexible business structure that can be an ideal choice for small business owners and entrepreneurs looking to start their own business.