What are three reasons to establish a business as a sole trader?

see below

Explanation:

A sole trader establishes and manages his business alone. He or she makes all decisions regarding the business without having to consult anyone. A sole trader business is known as a sole proprietorship.

Reasons for being a sole trader include

The sole trader keeps all the business profits to themselves. Since the trader does not co-own the business with anyone else, there is no sharing of profits.

Ease of starting the business. Starting this type of business requires a business registration certificate and a trading license, which are easy and less costly to obtain.

The owner is the boss. A sole trader has the liberty to control the business and their lives. The trader reports only to themselves and is the final decision-maker in the business.

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