From light entrepreneur to sole trader

Light entrepreneurship is an easy way to start, but the invoicing service's fee grows with your sales. This guide helps you work out when your own sole trader business pays off, and make the switch without any break in invoicing.

You will need

• The invoicing service's report on your invoicing and fees for the year
• Suomi.fi identification for the YTJ service
• A bank account for business use
• Accounting software or an accounting firm
• Your current YEL insurance

Steps

1. Calculate the cost difference

   Compare the fees you pay to the invoicing service with the costs of a sole trader business, such as accounting, invoicing software and banking. When the fee clearly exceeds the annual costs of a sole trader business, your own business starts to pay off.

2. Consider the other benefits

3. Look into the start-up grant before switching

4. Set up a sole trader business

5. Arrange accounting and invoicing

6. Update YEL and insurance

7. Move your customers over in a controlled way

8. Handle taxation in the transition year

The full guide with every step is for members. Try 7 days for €0.99.

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