Yksinyrittäjällä

Yksinyrittäjällä is a Finnish term that translates to "sole proprietor" or "one-person entrepreneur" in English. It refers to an individual who operates a business entirely on their own, without any employees. This business model is common across various sectors and is characterized by the entrepreneur bearing all responsibilities, from decision-making and operations to finances and risk.

Sole proprietorship is often the simplest and most common form of business structure in Finland. The individual is personally liable for all business debts and obligations. This means their personal assets can be used to cover business liabilities. Setting up a sole proprietorship is generally straightforward, requiring registration with the Finnish Patent and Registration Office.

Yksinyrittäjät typically manage all aspects of their business, including marketing, sales, customer service, and administration. They often have a high degree of flexibility and autonomy but also face the challenge of balancing multiple roles and the potential for burnout. Support networks and associations for sole proprietors exist in Finland to offer advice and community. The income generated from the business is considered the personal income of the entrepreneur, subject to personal income tax. This business form is popular for freelancers, consultants, artisans, and small service providers.