Did you bother with registering a business?

Spicy Nug

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Some people when they do IM don't bother registering an actual business. In fact I can tell a lot of my competition on Etsy just comes up with a random name and pretends it's a registered company.

I registered my company as an LLC because of the extra legal protections but that got me thinking: did any of you skip registering a business?
 
Yeah, I skipped register a company, that said, I always invoice from a company though not mine. Better keep that taxman away and pay your taxes after deductions ofcourse.
 
In India we say GUMASTA.. a word for company registration. So it's being easy to file a tax and get other documents for your employees.
 
In Israel you must open a business if you want to get paid as a non-employee, so yeah..
 
I skipped it. It's not necessary where I'm from and you can just do business as yourself even under a different name to look like a company.
 
I skipped it. It's not necessary where I'm from and you can just do business as yourself even under a different name to look like a company.
Ok, so what country do you live in? I know we can do that to here in my country but we need tp register for a VAT number as VAT is a must mostly here.
 
Ok, so what country do you live in? I know we can do that to here in my country but we need tp register for a VAT number as VAT is a must mostly here.
The US. I don't want to say what state I live in but some cities and states don't get on your case about filing all the paperwork.

It's not necessary if you're just starting out or if you have a small at home business.
 
Ok, so what country do you live in? I know we can do that to here in my country but we need tp register for a VAT number as VAT is a must mostly here.

The US. I don't want to say what state I live in but some cities and states don't get on your case about filing all the paperwork.

It's not necessary if you're just starting out or if you have a small at home business.
Yeah, from some time (it wasn't always available) you can do that in Poland too. Yes, you have to keep a registry of your transactions and pay tax. You can do this below certain income treshold, once you go above you need to register... And if you're even basic fulltime freelancer you'll go above that amount quickly 😂. Like, the amount is so small it's for side hustles only, not main income source 😂. But it's really cool, we didn't always have that.
Yeah, I skipped register a company, that said, I always invoice from a company though not mine. Better keep that taxman away and pay your taxes after deductions ofcourse.
Yeah, some people do that. There are 'business incubators' that'll let you invoice under them or we also have our own Fiverr competition 😂 that let's you issue an invoice through them and you get contract for specified work from them and sort of work under them. Never used that but sounds handy.
In Israel you must open a business if you want to get paid as a non-employee, so yeah..
Yeppp even most IT specialists that work in the office, offline, for one employer they're mostly sole proprietors. And especially someone working with multiple clients and remotely, clients will want invoices, etc.

Me? I was registered and not registered multiple times, even had a foundation at one point (now THAT was a legal hassle, not recommended). Probably if you're starting out and have only minimal earnings it's too early to register. Or if your earnings drop then you can pause what you already registered. But once you do get to that point I'd check and think for a long time because some forms of registration will give you tax benefits and some will drown you in crazy high taxes so watch out.
 
Yeah, some people do that. There are 'business incubators' that'll let you invoice under them or we also have our own Fiverr competition 😂 that let's you issue an invoice through them and you get contract for specified work from them and sort of work under them. Never used that but sounds handy.

Yes, there are a lot of umbrella companies out there like https://www.invoicery.com one of the oldest that makes life easier for freelancers, they pay taxes and other stuff as you are "employed" by them.

I invoice from a normal company though, not an umbrella company.
 
My city requires it if you do any self employment but you can just do business under your name as long as you register it with the city.

Alot less paperwork if you do it that way!
 
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