Toiminimiyrittäjät
Toiminimiyrittäjät, often translated as sole proprietors or sole traders, are individuals who run a business on their own. In Finland, this business structure is known as "toiminimi" or "toiminimiyrittäjä". The key characteristic is that there is no legal distinction between the individual and the business. The owner is personally liable for all business debts and obligations.
Starting a toiminimi is relatively straightforward and requires less administrative overhead compared to other business forms
While offering simplicity and low startup costs, the unlimited personal liability is a significant consideration. This
Profits generated by the toiminimi are taxed as the owner's personal income. Depending on the income level,