Toiminimiyrittäjyyttä
Toiminimiyrittäjyys, known in English as sole proprietorship, is a common form of business ownership where a single individual operates a business. In this structure, the business and the owner are legally considered the same entity. This means the owner is personally responsible for all business debts and obligations. Setting up a toiminimiyrittäjyys is generally straightforward and less complex than establishing a limited liability company. There are typically minimal registration requirements, often just needing to register with the relevant tax authorities and potentially a trade register depending on the jurisdiction and business activity.
Profits generated by the business are taxed as the owner's personal income. Similarly, losses can usually be