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What should you know about employing a light entrepreneur?

Truster
·
August 11, 2023

Has your company considered employing a light entrepreneur? If so, good! Light entrepreneurs are self-employed, they have the freedom of entrepreneurship and the ease of being an employee. Light entrepreneurship as a form of employment is growing rapidly in popularity in Finland and around the world. So what should businesses know about light entrepreneurship? You can find answers to this question in this blog.

What is light entrepreneurship?

Light entrepreneurship is a form of self-employment that is rapidly growing in popularity. A light entrepreneur acts like an entrepreneur, selling his or her skills to several or just one client. A light entrepreneur can sell his/her skills to both individuals and companies.

What makes light entrepreneurship lighter is that the light entrepreneur does not have his or her own business ID number and therefore does not have the obligations that come with it. The light entrepreneur invoices his work through a billing service, which forwards the invoice to the client and pays the light entrepreneur's salary once the client has paid the invoice. Taxation is handled conveniently using the person's own tax card.

What does it mean to employ a light entrepreneur?

Employing a light entrepreneur means that the company does not hire a skilled person to work for the company, but instead buys skills from the light entrepreneur. The light entrepreneur and the company enter into a contract of assignment instead of an employment contract.

When a company employs a light entrepreneur, the employer's side costs are avoided, allowing the company to offer the light entrepreneur a fairer price for his work. And it is worthwhile, because the light entrepreneur is responsible for his own social security like any other self-employed person and is therefore obliged to take out YEL insurance if his income exceeds a certain limit.

Employing a light entrepreneur is an agile option for both the company and the light entrepreneur, and the light entrepreneur does not have to tie himself to just one company (unless he wants to). The company only pays the light entrepreneur's invoice, after which the company does not have to worry about bureaucracy - the invoicing service takes care of the light entrepreneur's payroll and related obligations (taxes, registration in the income register, etc.).

Through the billing services, the light entrepreneur also has the necessary valid insurances: liability insurance and accident insurance. With a reliable billing service, liability insurance covers potential damages up to €1 million, so you can hire a light entrepreneur without any worries, even on a construction site.

A modern way to employ

Many professionals today want to work as a light entrepreneur, because then they retain the freedom of self-employment, the freedom to do what they enjoy, when they want, without the obligations of their own business ID or employment relationship. This means that, as well as saving time and money, the business also appears very modern and agile when employing light entrepreneurs. And will therefore certainly attract many more modern talents!

 

How to get easier if your business employs many light entrepreneurs?

If your company buys expertise from several light entrepreneurs at the same time, you should look for a reliable invoicing service partner with whom you can conclude a cooperation agreement. By centralising invoicing for light entrepreneurs with a single partner, time savings are even greater and it is easier to monitor invoicing and costs. 

With an invoicing service partner, it is possible to agree, for example, on easy batch invoicing, bulk delivery of invoice data and various interface solutions between systems. 

The invoicing service partner will assist you with your light business matters throughout the partnership.

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