If you’re a sole trader, you’re
running your own business as an individual. This is known as being
‘self-employed’. You can keep all your
business’ profits after you’ve paid tax on them.
You must register for Self Assessment
with HMRC as soon as you can after starting your business.
You’re responsible for:
Naming your business
You can use your own name or trade under a business
name. There are rules on using a business name. For example,
You must include your own name and
business name (if you have one) on any official paperwork, such as invoices and letters.