Sole Trader

The simplest UK business structure where you and the business are legally the same entity. You keep all profits but are personally liable for all debts.

Sole trader is the fastest way to start a legal UK business. You just register with HMRC. It's ideal for early-stage founders with minimal liability risk.

You start freelancing as a social media manager. You register as a sole trader with HMRC, report your income through Self Assessment, and pay income tax on your profit.