Light entrepreneurship is an excellent way to test business operations or invoice side jobs. It is also profitable from many different perspectives: there are no start-up costs, and fixed expenses are minimal. You can focus your time on what matters, because you don't have to worry about paperwork, taxes, and other bureaucracy.
As a light entrepreneur, you can safely try out whether entrepreneurship is right for you. You can change your mind at any time and call it quits—or later establish a full-scale business with your accumulated customer base.
How does the billing service fee work?
The service fee is a percentage that the billing service charges as a commission. It is definitely worth comparing service providers, as there are differences in fees and what they cover.
Truster Light: You can get started with just a 3.99% service fee. You only pay when you bill.
Truster: If your invoicing is regular, we recommend a fixed-price service package, which completely eliminates the percentage-based service fee.
How much tax does a light entrepreneur pay?
As a light entrepreneur, you are officially an employee, so you pay income tax. We take care of withholding tax and paying taxes to the tax authorities.
Remember that your tax rate is determined by your total annual income. The more you earn, the higher your tax rate will be.
Light entrepreneurship is worthwhile – but remember these things
The everyday life of a light entrepreneur is easy, but there are a few things to keep in mind:
- Customer acquisition: You must acquire your own customers.
- Stabilization of income: It may take a while at the beginning before your income stabilizes.
- Industry: Light entrepreneurship is best suited to the sale of services. It may not be suitable for the sale of goods or licensed businesses.
Should you become a light entrepreneur or set up a business name? The choice depends on your situation.
- Choose light entrepreneurship if you do occasional gigs, are a student, want to invoice your side jobs easily, or want to test the appeal of your business idea without risk.
- Consider starting a business if you already have a long list of customers, your invoicing is substantial and regular, or you want to take advantage of tax deductions and the tax benefits that come with running a business.