Insight: Light Entrepreneurship

Updated: Jan 2

Type It! as inspired by Young CEO's seminal featuring Johanna Setänen, video transcription by Ojo Ebenezer.


According to Johanna Setänen, an expert from Eezy oyj.

It is also possible that you work in a group as light entrepreneurs or as a private person. If you have an idea that you would like to execute alone or together with a group of friends or family, it doesn't always mean that you have to open up a company.


It's most suitable for the cases where you sell your services. For example, you want to join a barbershop or an idea to contribute your service. If you want to work in a hairdresser salon like a contributor, then light entrepreneurship is a good alternative for you. You would send invoice to your customers with the help of invoicing service, through which the employer's contributions are deducted. The responsibility of the invoicing service also includes accounting and tax returns.

Typical question asked by the service provider. What am i ?

A light entrepreneur is responsible for getting their customers, they are considered as employees working in an employment relationship. According to suomi.fi, light entrepreneurship is for a private person that do not have a own company, nor a Business ID but uses invoicing service to invoice customers.


About pension

Light entrepreneurs must take out a self-employed person’s pension insurance (YEL) if their estimated annual business income exceeds the YEL limit and their business operations continuation is more than four months.


Are you allowed to make adjustments?

Yes, as an entrepreneur you are obligated to take the pension insurance when the yearly income is over 8000 euros but after that you're free to decide how much pension you pay. A lot of entrepreneurs start their businesses in a way that they pay quite low fees in the beginning and then they make adjustments when they see how their business is growing.



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