This is very attractive for those who wish to retain ownership of the business.
Many sole traders decide to operate under their own name and do so without any problem.
However, if you use a name other than your surname, you must register the name in accordance with the Registration of Business Names Act of 1963 for a small registration fee. The sole trader is not required to file accounts which would be available for inspection by the public. Fewer legal formalities compared to other structures. Closure of the business requires less formality. The owner is personally liable for all debts of the business.