Sole trader or limited company?
The business form you choose affects taxation, liability and administration. A sole trader business (toiminimi) suits getting started; a limited company (osakeyhtiö) suits a growing business.
You will need
- An estimate of income and expenses
- An understanding of the risks
- Advice (an Enterprise Agency or accounting firm)
Steps
Understand the sole trader option
As a sole trader, you are personally liable for the business's obligations. Setting up and running it is simple.
Understand the limited company
Compare taxation
Assess the risks
Consider your growth plans
Work through an example
Make the decision
The full guide with every step is for members. Try 7 days for €0.99.
People also search for: toiminimi vs oy · should i start a sole trader business or a limited company · what is the difference between toiminimi and osakeyhtio · best company form for a small business · sole trader or limited company taxes in finland compared