what are the basic requirements to be a sole trader?
235472
['Step 1: Obtain a Federal Employer Identification Number (EIN). ... ', 'Step 2: Register your fictitious business name (FBN) with your county or state. ... ', 'Step 3: Obtain a local tax registration certificate. ... ', 'Step 4: Obtain a permit to sell retail goods and collect state sales tax.']
198803
Here is what you need to do to become a freelancer/entrepreneur/self-employed/sole proprietorship: 1. Start doing business. ... You don't need to register for a corporation number, get approval from a business registry, or possess a special license to make some side income or start a small business in general.
396837
['Passport.', 'Complete application form.', 'Copy of your business license.', 'Company bank statements (last six months)', 'Income Tax Return.', 'Proof of accommodation.', 'Proof of medical insurance.']
1382195
['Sole proprietorship. A sole proprietorship, also known as a sole trader or simply a proprietorship is a type of business entity which is owned and run by one.', 'Partnership. An association of two or more people as partners.', 'Corporation.']
1195764
['Company Registration. ... ', 'Employer Tax Registration. ... ', 'COID Registration and Letter of Good Standing. ... ', 'VAT Registration. ... ', 'B-BBEE Affidavit or BEE Certificate.']
182047
['Business bank statements. ... ', 'Financial accounts. ... ', 'VAT returns. ... ', 'Management accounts. ... ', 'Details of company directors and financiers. ... ', 'Proof of ID and address. ... ', 'Speak to your broker. ... ', 'Further reading.']
1368660
['Be a domestic corporation.', 'Have only allowable shareholders – which may include individuals, certain trusts, and estates, but not partnerships, corporations or nonresident alien shareholders.', 'Have no more than 100 shareholders.', 'Have only one class of stock.']
210101
['Age: must be at least 18 years old.', 'High School: must have a high school diploma or equivalent.', 'Experience: must have had a minimum of three years of actual experience as a full-time real estate broker within the past five years.']
362411
['Passport (with a minimum of 6 months validity)', '2-3 recent photographs.', 'Job offer letter.', 'Proof of dependents, if applicable.', 'Health and travel insurance.', 'Good conduct documentation.', 'Personal Character Assessment (Form 80).', 'Curriculum vitae, Mark-sheets and certificates.']
632862
["Bachelor's degree in Finance, Accounting or relevant field.", "A minimum of 5 years' experience in a similar role.", 'In-depth knowledge of financial regulations and accounting processes.', 'Outstanding analytical and time management skills.', 'Strong attention to detail.']
743237
['self-motivation.', 'integrity.', "ability to reflect on one's own work as well as the wider consequences of financial decisions.", 'business acumen and interest.', 'organisational skills and ability to manage deadlines.', 'teamworking ability.', 'communication and interpersonal skills.', 'proficiency in IT.']
190555
The overall biggest difference between a sole trader and a limited company is that a sole trader is owned and controlled by one person who has unlimited personal liability for the business whereas a limited company will have its ownership split into equal shares.
1295548
[' Your Business Plan.', ' Capitalization.', ' Key Individuals (Including a Board of Directors and Management Team)', ' IT Systems (Compliance, Reporting, Backend, and Frontend)', ' Your Correspondent and Banking Relations.']
758245
['excellent verbal communication skills.', 'business management skills.', 'customer service skills.', 'the ability to sell products and services.', 'leadership skills.', 'knowledge of economics and accounting.', 'ambition and a desire to succeed.', 'to be thorough and pay attention to detail.']
1025486
['Proof of identity (your passport or driving licence)', 'Proof of address (a utility bill or bank statement will suffice)', 'Business name and registered address.', 'The nature of your business.']
1362284
['are self-employed.', 'are a company director (but not if you are a director of a not-for-profit company)', 'have rental or other income from property (unless it is less than a certain amount and can be dealt with through a PAYE tax code)']
802479
['knowledge of economics and accounting.', 'business management skills.', 'maths knowledge.', 'analytical thinking skills.', 'financial management skills.', 'leadership skills.', 'the ability to use your initiative.', 'to be thorough and pay attention to detail.']