Do sole traders have shareholders?

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Good evening

Just a quick query about sole traders. I know limited companies have got shareholders. What I need to know is whether the same concept applies to sole traders. Any idea?

Thank you

Alexander Hammond

Answers

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Hi Alexander,

No, sole traders do not have shareholders because there are no shares in this type of business structure Only limited by shares companies have shareholders.

A sole trader is a self-employed individual who owns and operates a small business on their own, but they can hire employees to work for them.

a year ago
 

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