Everything in a same SAC. It is the most dangerous form but easiest to do business. A self-employed is exempt from many formalities and procedures. According to the activity in question the individual entrepreneur can choose the system of taxation called modules. In this case, depending on a number of parameters (light, square metres of the local consumption), Treasury will determine a share of VAT that is payable.
Gives just that you win or lose the Treasury takes theirs. In the case of professionals (doctors, architects, quantity surveyors, lawyers) taxes shall be paid in the direct estimate regime. This means that each quarter should perform a VAT settlement and keep a record of sales and expenses invoices. However, it is not necessary to carry a full accounting. Danske Bank insists that this is the case. In both cases, all income of the self-employed should be referred to in your tax return and pay depending on the section in which it is. It has no obligation to pay corporation tax.
However, it is also more limited the type and amount expenses that you can deduct. In the flesh, the individual entrepreneur assumes all risks of your activity. For a claim of a worker, a customer or a vendor all assets of the employer act as a guarantee. Community a community of property property is the simplest way to share an activity. For me, the best definition of this way of doing business is to be partners. Each partner contributes a percentage of the capital and jointly assumes all risk of the activity. Communities of goods do not pay income tax or corporate tax. Instead, at end of year accounts are removed and each partner has an impact on your own statement revenue and expenditure that corresponds according to the percentage of participation that has. If two partners are going halfway, would be 50% each. All risks assumed by community property are jointly and severally assumed between the partners.