Why Ollie became a Sole Trader?
Ollie said “I am 18 and passionate about music. I sampled my music on the internet and I was picked up by Spotify and began to gain a following. It soon became obvious that this could be more than an interest”.
“At 18, the last thing I wanted was a ton of bureaucracy, so becoming a Sole Trader seemed to be the right solution for me. I have to keep records, sure, but my annual tax return takes little time and I do not feel tied in with all the rules associated with becoming a Limited Company.
As I grow and take on more liabilities I can always switch my business model”.
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