When Tom started his job as an IT consultant three years ago, he was faced with an important choice: Do I start as a sole trader or do I start a company right away?

Many start-ups here still make the "logical" choice of a sole proprietorship. It seems simpler, faster and cheaper. But in practice, it is often an expensive mistake not to opt for a company right away.

Tom's story

Tom wanted one thing above all: to be independent, serve his own clients and enjoy freedom as a freelancer. Soon he was faced with reality: a sole proprietorship means high social contributions and a tax burden that can be hefty. Therefore, when starting out as a consultant, it is best to opt for a company right away.

Together we looked at his situation and immediately made the choice of a company.

👉 That turned out to be a gamechanger:

• He kept considerably more net
• He was given space to ftax-friendly pension to build up (IPT, PSPS)
• His family enjoyed extra protection as private assets and professional risks remained separate

Tom himself sums it up like this: "I never thought it would make so much difference. Thanks to my company, I have more than enough to invest privately ánd I pay less taxes".

Why a partnership is often the only right choice

For consultants and freelancers with higher daily rates, the partnership is actually not an option, but a must.

1. Tax optimisation - Sole proprietorships pay up to 50% personal income tax. In a partnership, you can plan much smarter.
2. Wealth accumulation - Through a company, you build up pensions more easily and can invest in real estate or investments.
3. Protection - With a company, you better shield your private assets from occupational risks.

In short: it's not just about saving taxes, but about strategic entrepreneurship with a long-term view.

What this means for you as a starter

If you are considering starting out as a consultant or freelancer yourself, think twice before you just choose a sole proprietorship. The long-term fiscal and strategic impact is too big to ignore.

A company offers you:
✅ More net income
✅ More options to build tax-friendly wealth
✅ More peace of mind

Cooperation is key

Such a pathway never works in isolation. We often link up with:

• Bizantium for the establishment and statutes
• Banks for business accounts and credits
• Insurers/pension planners for IPT and protection

This is how we build an ecosystem around the entrepreneur, with Bookies being the guide.

Conclusion

Tom's move proves it: choosing a company is more than a legal form. It is a strategic decision that determines your financial future.

At Bookies, we help consultants and entrepreneurs not only make that choice, but also get all the benefits from it -> Also something for you? Let's talk!

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