Self-employed or individual entrepreneur: the differencies and what to choose

Avetisyan Anush Sergeevna

Self-employment and entrepreneurship have their own pros and cons, and before you define the type of professional activity most suitable for you, many pecularities should be taken into account. The author of the current article analyzes working conditions, possible types of activities and restrictions on application of special tax regulation for self-employed in Russia, as well as the advantages and liabilities of being an individual entrepreneur. The article covers the issue of what is more profitable: to be a self-employed person or an individual entetpreneur.

Keywords:self-employment tax, self-employment, self-employed, individual entrepreneur, taxation of individual entrepreneurs, tax regulation.