What is being self-employed and what does it entail?

Content:

Being self-employed is a career option that offers independence and flexibility , but also comes with unique responsibilities .

A self-employed person is a natural person who works independently, without being subject to an employment contract with an employer . This type of worker is characterized by carrying out economic activities on a regular, personal, and direct basis, seeking financial gain, but without a guaranteed fixed monthly salary.

In addition to managing their business, self-employed individuals must pay Social Security contributions and comply with their tax obligations to the Treasury . Registration with the Special Regime for Self-Employed Workers (RETA) is a fundamental step to operating legally. This regime grants rights and establishes obligations that are essential for the development of their business.

While being self-employed has its advantages, such as the ability to be your own boss, it also comes with challenges: income uncertainty, paying a monthly fee, and greater responsibility for managing your business.

Necessary procedures:

1. Registration with the General Treasury of Social Security (TGSS).

2. Select the managing entity or mutual insurance company to cover contingencies and disabilities.

3. Registration with the Tax Agency. Business Census Form 036.

4. Notify the Department of Labor of your autonomous community of the opening of the workplace.

5. If necessary, apply for the relevant licenses according to the activities to be carried out.

Do you have any questions?

At InnoTaxes, we can process your registration for you. We'll also be with you from day one, handling your tax procedures to make things easier for you and allow you to focus on what truly matters: growing your business. Book your free consultation now!