{"id":11847,"date":"2022-12-05T23:04:28","date_gmt":"2022-12-05T22:04:28","guid":{"rendered":"https:\/\/entretramites.com\/en\/?p=11847"},"modified":"2023-03-09T14:43:54","modified_gmt":"2023-03-09T13:43:54","slug":"pros-cons-being-self-employed","status":"publish","type":"post","link":"https:\/\/entretramites.com\/en\/self-employed\/pros-cons-being-self-employed","title":{"rendered":"What are the pros and cons of being self-employed?"},"content":{"rendered":"\n

When a person creates a business, they must decide if it is more convenient for them to register as self-employed <\/strong>or create some type of company<\/strong>. Therefore, so that you can make the best decision for you, we present the advantages and disadvantages of being self-employed<\/strong>, along with the criteria<\/strong> to consider when choosing the legal form<\/strong> of the company. <\/p>\n\n\n\n

Benefits of being self-employed<\/strong><\/h2>\n\n\n\n

You can be your own boss<\/strong><\/h3>\n\n\n\n

In this case, your experience, criteria and knowledge<\/strong> are what count for the development of your work<\/strong>. You do NOT have a superior<\/strong> indicating how and when you should do your work, so you can make the decisions that you consider most appropriate for your career<\/strong> and lead your projects<\/strong> to where you are most interested<\/strong>. You will have total control of your activity<\/strong>, and being an entrepreneur gives you the opportunity to know your company from all its aspects.<\/p>\n\n\n\n

Manage your time<\/strong><\/h3>\n\n\n\n

When being self-employed, you can organize your schedule, holidays, and days off. <\/strong>Also, you can decide when and where to work<\/strong>, since new technologies allow you to manage your business online, automate processes and work from home.<\/strong><\/p>\n\n\n\n

With this, your business can be simplified, being able to save on materials, rent a place, and others. It allows you to reconcile your professional and personal life<\/strong> more easily. <\/p>\n\n\n\n

Work on what you really like and with whoever you want<\/strong><\/h3>\n\n\n\n

The advantage of self-employment is that you have total freedom to work on what you want<\/strong> and what you have always dreamed of. Persistence, commitment, and desire often make it possible for you to work on what you like and also give you the possibility to discard everything that does not interest you or you do not think is appropriate for your business. The same happens with clients since you do not have the obligation<\/strong> to do business<\/strong> with people or companies that do not follow<\/strong> your business vision. <\/p>\n\n\n\n

Ease of registering in the public administration bodies<\/strong><\/h3>\n\n\n\n

When you start an economic activity you must necessarily <\/strong>register<\/strong><\/a> with Social Security<\/strong><\/a> and Hacienda<\/strong><\/a> (Treasury). When creating a company<\/strong>, the procedures take more time due to the economic, registry, and notary requirements. <\/strong><\/p>\n\n\n\n

Registering as self-employed does not cost anything<\/strong>, just like deregistering, you can register and deregister unlimited times<\/strong>, taking into account that if you do so for periods of less than a month, you will be limited to doing so 3 times a year.<\/strong><\/p>\n\n\n\n

In addition, being self-employed does not entail any accounting obligation<\/strong>, contrary to what happens with companies, you only have the obligation to have a book of issued and received invoices <\/strong>and investment goods, and also have much fewer formal obligations.<\/p>\n\n\n\n

Remember that by hiring our monthly consulting service for self-employed, we will register you totally free<\/strong><\/a>, just click on the link<\/strong>.<\/p>\n\n\n\n

You can earn more money<\/strong><\/h3>\n\n\n\n

As an employee, you can see that the company charges the client more than what you charge, for a job that you do completely. <\/strong>By being self-employed, you get the total profit<\/strong> (minus taxes).<\/p>\n\n\n\n

Your income does not depend<\/strong> on the hours you take, the deals you close, or the ups and downs in your company. These will depend on how you work, how much you want to charge and the number of<\/strong> satisfied customers you get.<\/p>\n\n\n\n

New improvements in the conditions for being self-employed<\/strong><\/h3>\n\n\n\n

Now the self-employed also have the right to unemployment and sick leave<\/strong>, as long as they pay the minimum required contribution. <\/p>\n\n\n\n

You also have the advantage of being able to deduct IVA from the invoices<\/strong> you receive, as long as your profession is part of the list of professional activities that DO NOT pay IVA, according to Law 37\/1992, of December 28, on Impuesto sobre el Valor A\u00f1adido (Value Added Tax), in article 20, these are:<\/p>\n\n\n\n