The blogger-individual entrepreneur manages his own work schedule

[sadiksojib35]

Simplified taxation. Individual entrepreneurs can use a simplified taxation system, which simplifies tax accounting and reduces the administrative burden.
Flaws

Personal liability. As an individual entrepreneur, the blogger south korea telegram number database is not separated from the business, which means that he is personally liable for debts and obligations.
More complex management. Running a sole proprietorship will require more time and effort than running a self-employed business due to the need to comply with a wider range of legal and accounting requirements.
More administrative work. Sole proprietors must comply with various laws and submit reports to tax authorities, which can cause additional administrative costs and difficulties.
Limited Benefits and Social Programs: Sole proprietors may have limited access to social benefits and programs available to employees or limited liability companies.
More tax liabilities. Sole proprietors are required to pay income taxes and other tax liabilities, which can result in higher tax costs compared to other forms of business.


Limited Liability Company (LLC)
Advantages

Legal protection. It is widely believed that an LLC provides limited liability for its founders. This means that the blogger's personal assets are generally protected from the company's obligations. In fact, this is not the case. The liability for the owner is the same as in the example about the individual entrepreneur.
Professional image. The LLC status can increase the trust of the audience and partners.
More opportunities for growth. LLC provides more prospects for business expansion, attracting investments and participating in large partnership projects.
Flexible management approach. The blogger can hire employees and delegate some responsibility, which allows him to focus on key aspects of the business.
More opportunities for tax optimization. LLC provides more opportunities for tax optimization, which can help reduce taxes.
Flaws