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#Freelancetips
When it comes to mistakes new freelancers make, this one's a big one. Even though you're just one person, you're still operating a business by offering your services in exchange for payment. As you grow into your new role as a freelancer/solopreneur, you'll want to do some research about what type of legislative options there are for you to structure your business with. Each country will have its own laws, which can result in stiff penalties if you don't comply, so it's best to consult a local professional to learn more about your options.
Having a registered company isn't just to avoid fines from your local tax authorities. By having a registered company you're often subject to a different (lower) tax rate, you'll be able to optimize your tax bill by expensing business purchases (like that expensive new Macbook or that flashy new website we just talked about). Having a registered company can help give your freelancer contracts more teeth legislatively, should a client decide to stiff you (more on that next).
