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Partners, suppliers and premises Many businesses start with just one person, known as a ‘sole trader’. If you set up as a sole trader you’ll be self-employed, which means you’ll be your own boss. You’ll also be responsible for: ·         managing your own time ·         looking after all of your company’s admin and accounts ·         taking risks with your own money, particularly if you’re leaving full-time employment Whether you   set up   as a sole trader, partnership or limited company, your business is likely to involve working with more people to develop and sell your idea - including partners, suppliers and distributors. Partners Finding a co-founder with relevant skills and knowledge that are different to yours lets you focus on what you’re best at. For example, you might be selling a product you invented, or a service t...