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Advantages of registering as a business?

  • 03-07-2020 2:28pm
    #1
    Alan3002
    Registered Users Posts: 179 ✭✭


    Heya folks.

    I currently have a bit of a side gig (website) where I generate a bit of bob over the year. I split the earnings from this 50% down the middle every month to set aside for tax purposes which I pay each year. I split it at 50% because I already work a full time PAYE job.

    So this is all done on a "personal" level.

    What (if any) advantage would I have to register this as a business for this scenario?


Comments

  • #2
    Calahonda52
    Registered Users Posts: 12,185 ✭✭✭✭Calahonda52


    Registering asa business(name) will have no impact.
    Incorporating a company is a different matter.
    Have you many expenses?

    “I can’t pay my staff or mortgage with instagram likes”.



  • #3
    Alan3002
    Registered Users Posts: 179 ✭✭Alan3002


    Calahonda52 wrote: »
    Registering asa business(name) will have no impact.
    Incorporating a company is a different matter.
    Have you many expenses?

    Not really no. General server hosting costs and a couple of misc website payments per month.


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