Sole Traders  

A sole trader is liable for all the debts of the business and is liable to income tax on the net profit.
If you are thinking of starting a business of factors you will need to consider. It is relatively simple to setup a sole trader, just talk to us for more details.

Advantages & Disadvantage of a Sole Trade

Advantages

  • Easy to Setup
  • Subject to minimal Regulations                                               


Disadvantages

  • Owner is personally liable for debts
  • Tax plus PRSI .ie 41% tax plus PRSI 5%                                         
                                                                                     

For more information or advice, please call us today.