Independence is a new synonym for sole trader, because you run your own business as an individual and are self-employed. Let’s take a look on some things and characteristics that are connected with mentioned term:
- is the simplest form of establishment
- is intended for natural persons
- usually it can be registered online
- it does not require a minimum amount of capital
- you have less responsibilities
- less bureaucracy
- accounting depends on the form of taxation.
- the entrepreneur is liable with all his assets for obligations arising as a result of running the business
- the entrepreneur has the sole right to represent his activity
- the entrepreneur may be subject to VAT
Every country has some differences in procedure and applying criteria for this form of business.
Tax that self-employer should pay also differs from country. Self-employment gives more freedom to choose in what country to register your status. You can compare and choose the most attractive for you and your profession.
Self-employers are brave people because they are personally responsible for any losses business makes. They play many roles in their business and it doesn't mean that businessmen are perfect in all. Smart self-employer are brave enough to ask for consultancy.
No comments:
Post a Comment