First Principles of Business Law
Business organisations in Australia

2. Sole traders

Question 2. What formalities must be followed to start up a business as a sole trader?

 

 

 

Read the statements below and select the best one.

(a) In most cases, there are no legal formalities that must be complied with to start up a business as a sole trader.

(b) Any person who wishes to start up a business as a sole trader is required to register the business and comply with the other formalities that are laid down by legislation that exists to regulate this type of business.

 

 

 

 

 

 

  

 

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