Dealing with a Sole Trader
What is a sole trader? In this course we will consider the concept of sole trader as a business entity, the associated business management requirements, and the implications of insolvency on the trader.
Description
What is a sole trader, and what distinguishes a sole trader from a partnership or a limited company? What happens to a sole trader on bankruptcy?
In this course we will consider the concept of sole trader as a business entity, and the associated management requirements of a sole trader business, before considering the implications of insolvency on the trader. We will consider the types of assets to look out for, and the business specific liabilities that may arise.
CPD Learning Outcomes
- Concept of sole trader/business entity and personal liability
- Accounting for the business: book-keeping requirements, profit and loss account, drawings and contributions
- Business assets
- Impact of insolvency on sole trader
- Trading on post-appointment – who is responsible for what
- Business liabilities
- VAT registered trader
- Personal tax on insolvency
Who Should Attend
This course is aimed at anyone looking for a comprehensive introduction or update to individual business insolvency.
Cost
Half day course: £165 + VAT per delegate
50% reduction for third delegate booking the course.