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The following are common elements to include in an offer letter, although your company may want to include additional information as needed. Official letterhead or logo. ... Formal letter guidelines. ... Opener. ... About the position. ... Salary and benefits. ... At-will status. ... Closer.
Common examples of sole traders include builders, plumbers, electricians, painters and decorators, taxi drivers and window cleaners. As a sole trader, you are personally liable for your business debts. This means that you have to pay these debts out of your own income.
A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn't have any legal identity separate to its owner.
An offer letter typically includes the following information: Job title and description. Salary or wage range (and annualized salary) Benefits (including health insurance) and other perks (like paid time off or bonuses)
Sole trader vs. self-employed. To summarise, the main difference between sole trader and self employed is that 'sole trader' describes your business structure; 'self-employed' means that you are not employed by somebody else or that you pay tax through PAYE.