3 ms·
A sole proprietorship is not a business entity. There is zero difference between a sole proprietor business and a person. I'm not sure how you got this confus
by rando444 8y ago
A sole proprietorship is not a business entity. There is zero difference between a sole proprietor business and a person.
I'm not sure how you got this confused, but it sounds like you need to speak to an accountant.
As far as how you pay people, you just transfer them money from your bank account. All of their accounts will have SWIFT or IBAN numbers or both, and you just transfer the funds.
Your accountant will take care of the rest, and they will be responsible for taxes on their end. No, they will not need to be companies, but you will need to pay them as companies, as these individuals will be responsible for their own expenses typically covered by a business (healthcare, union, taxes, etc.)
- hapidjus 8y ago"There is zero difference between a sole proprietor business and a person." Are you talking about the US? As this is not the case in Sweden at least.
- stephenr 8y agoThis is not the case in Australia. An individual in Australia cannot issue tax invoices, but s/he can register as a sole trader and get an ABN.
- skrebbel 8y ago> I'm not sure how you got this confused Mostly because it holds for zero of the countries our current team lives in. :-) I appreciate your help though, but so far accountants have been less than helpful. The ones I talked to seem to know international employment stuff worse than I do.