Register a business for the part-time job

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Not enough money? Good if you have a business idea. If you would like to implement this in a part-time job, you have to register a trade.

Business start-up with a strategy
Business start-up with a strategy © Gerd Altmann_Shapes_AllSilhouettes.com / Pixelio

What you need:

  • Business idea
  • Business registration

Do you work full-time and would you like to work in Part-time job Register a business, you should plan carefully and not rush into anything. With the registration of a trade you have to deal with some bureaucracy. You probably also generate costs. So all the effort is only worthwhile if you are sure of what you are doing.

No competition with the employer in the part-time job

  • First, ask your employer if he has any objections when you register a trade as a part-time job. Usually he can't forbid you from registering a trade and making money. Make sure that you do not compete with your employer.
  • Register your business with the trade office of your local authority. You usually pay a fee of around € 25 for this. The trade office informs the tax office. The tax office will send you a questionnaire in which you must provide information about your business intentions.
  • It is good if you have a little equity and can start right away. Many start-ups fail because they underestimate the cost situation and quickly get into debt.

Register a business with small business regulation

  • It makes sense to take advantage of the small business regulation. If your annual turnover does not exceed € 17,500, you do not need to invoice your customers for sales tax and save yourself a considerable amount of bureaucratic effort. On the other hand, you are then not allowed to claim any input tax on the invoices you have paid.
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  • Only if you have high start-up costs or invest capital in your business idea does it make sense to have the input taxes paid by the tax office reimbursed. The small business regulation will then be of no use to you.
  • Ideally, you start with as little effort as possible and cause as few costs as possible. Don't go into fault! If your business idea fails, you may be ruined.
  • Visit a Business start-up seminar for example the Chamber of Commerce and Industry and find out everything you need to know.

Not all sales are the same

  • Note that your sales are not the same as your profits. You must first pay all costs from the sales. You usually need the money that is left over to invest it again.
  • You need a permit for certain trades. If you want to sell sausages, you need a health certificate. In manual trades, the master's title is often required. Find out more from the trade office or the Chamber of Crafts.
  • Also check whether you actually have a commercial activity or whether you are working as a freelancer (as a writer, author, artist, journalist).
  • Make sure that your part-time job is not devalued as a hobby by the tax office. Hobby means that your business will only generate losses in the long term and that there are also private motives. You risk that the tax office will cancel all tax advantages retrospectively.

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