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answered 6 months ago
Yes, a sole trader can be called a company due reason being you will be resposible for all liabities occurring in the business.
As a sole trader, your assets (ie. Your house and your car) are currently more exposed to the risk of being sued because your liability is unlimited. A company offers a greater level of asset protection, as your personal assets are separate from the business
As a sole trader, your assets (ie. Your house and your car) are currently more exposed to the risk of being sued because your liability is unlimited. A company offers a greater level of asset protection, as your personal assets are separate from the business
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