4 ms·
In the Netherlands, there is a threshold, and you do not have to incorporate if you stay under that, and you'll still have to report it. But this obviously depe
by LeonPals 10y ago
In the Netherlands, there is a threshold, and you do not have to incorporate if you stay under that, and you'll still have to report it. But this obviously depends on the country you're in.
Paypal could be a good way to take money from people privately, and it's probably entirely legal, up to a certain point.
- aartur 10y ago> In the Netherlands, there is a threshold, and you do not have to incorporate But you still have to register some form of sole-proprietorship company?
- LeonPals 10y agoNope, you take it as a private person, and when you submit your income taxes you state it as extra income.
- aartur 10y agoEven when you are selling SaaS (so it's a "service")? I think you can have problems with payment processing companies as they might not want to make business with a private person.
- LeonPals 10y agoTrue, but if you're going to SaaS, why would you not incorporate? Of course there are downsides, you will look a lot less professional without a KvK or Chambers of Commerce number. But if you want to look professional, you need to incorporate