2024-04-08 07:25:43
Starting your own business while still studying or working as an employee can seem ambitious, even intimidating. However, the self-employed status offers exciting opportunities for students and young professionals, whether as a main or secondary activity. In this article, we explore the compatibility of this status with studies and employment, as well as the Benefits and important considerations for those considering entrepreneurship.
For students
Financial help
One of the first concerns of students is often managing their finances. Fortunately, self-employed status opens the way to various financial aid, such as Assistance for Business Creation or Resumption (ACRE), which can allow partial exemption from social security contributions during the first years of activity. This assistance can prove valuable for young entrepreneurs looking to start their business while continuing their studies.
Compatibility with social assistance
A common question among students is whether becoming self-employed affects their eligibility for social assistance such as CROUS scholarships, housing allowances (APL), CAF benefits or even the activity bonus. In most cases, this aid is not affected by the status of self-employed person, but it is essential to inquire with the competent organizations to ensure your particular situation.
Taxation and social charges
Regarding taxation, self-employed people can benefit from a simplified taxation, with a tax regime based on the turnover achieved. However, it is essential to understand the tax implications, particularly with regard to the tax home and possible contributions to the Contisation Foncière des Entreprises (CFE).
Doing business as a minor
It is also possible for young entrepreneurs under the age of 18 to create their own business, subject to parental authorization and certain conditions; the company created must be with limited liability or in the form of a one-person company. This opens the door to ambitious young minds wanting to launch into entrepreneurship from a young age!
Ideal activities for a student
Finally, the self-employed status offers a wide variety of opportunities for students, whether it involves becoming courier, pet-sitter, home teacher, web editor, graphic designer or even digital marketing consultant. These flexible activities can fit around students’ busy schedules while allowing them to develop their skills and earn additional income.
To know more : Student and Self-Employed: the accumulation rules
For employees
Accumulation authorized by law
The legislation generally allows the accumulation of self-employed status with salaried employment, subject to respecting certain conditions. However, it should be noted that restrictions may apply for civil servantswho must obtain specific authorization before starting an independent activity.
Pay attention to contractual clauses
Before starting out as a self-employed person, it is crucial for employees to check the clauses of their employment contract, particularly with regard to non-competition, confidentiality, exclusivity and loyalty to the employer. Potential conflicts may arise if these clauses are not respected.
Impact on taxation, social contributions and retirement
Becoming self-employed while being an employee can have implications on taxation and social contributions. Understanding how these two statuses may interact and planning accordingly is essential to avoid tax surprises at the end of the year. Regarding retirement, the self-employed employee will pay contributions to both schemesthe general regime for employees and the professional section to which liberal activity falls.
Professions Compatibility
It is also important to check whether your main profession is compatible with self-employed status. Some professions may have specific regulatory or certification restrictions or requirements. However, for many professions, becoming self-employed can open the way to opportunities for freelance work or digital nomadismthus offering greater professional freedom and flexibility.
In conclusion, self-employed status offers many opportunities for students and young professionals wishing to launch into entrepreneurship while continuing their studies or maintaining a salaried job. However, it is essential to fully understand the financial, tax and contractual implications before getting started. With proper planning and a good understanding of the rules and requirements, self-employed status can be a viable option for those looking to reconcile studies, work and entrepreneurship!
Editor-in-chief of Planète Grandes Ecoles and student at school, I am committed to helping students put all the chances on their side to succeed!
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