3 ms·
It's a more like a tax regime. Very useful for small hobby passive income penny projects, due to the fact that you can use all the electronic credit card billin
by foverzar 3y ago
It's a more like a tax regime. Very useful for small hobby passive income penny projects, due to the fact that you can use all the electronic credit card billings like an LLC, but only pay a small income tax using an app, only when there is income and literally absolutely not a penny if there is none.
Is it also a separate thing from an individual entrepreneur status in the US?
- andrewflnr 3y agoAh, no, that actually sounds very nice. The US has a situation where an employer sort of pays some extra taxes for you (social "security" and maybe another one), so if you're self-employed you have to pay that part yourself.