What does Small Business Mean? Part 3

Register small businesses online

If you want to save time when registering your business , you can easily register your small business online . However, this is not possible in all cities and municipalities. You should therefore inquire beforehand.

In addition, certain requirements must be met for online registration . Above all, all the necessary documents must be ready on your side. Depending on the type of business and legal form, different documents are required. In the following list you can find out about the online registration of your small business in your respective federal state:

  • Baden-Wuerttemberg
  • Bavaria
  • Berlin
  • Bremen
  • Hamburg
  • Hesse
  • Mecklenburg-Western Pomerania
  • Lower Saxony
  • Saarland
  • Saxony
  • Saxony-Anhalt
  • Schleswig-Holstein
  • Thuringia

Accounting, bookkeeping and accounting in small businesses

According to GRADINMATH.COM, small business will certainly make things easier and easier for you. But that does not mean that there are no rules for you in this trade that you have to observe.

The small business owner is also obliged to keep accounts in accordance with the general duties of care . As a result, the owner of the small business is required, among other things, to record all business transactions occurring in the small business. These records must be made in such a way that conclusions can be drawn at all times about the type and scope of the business as well as the general earnings and financial position of the business . You can simplify this with online invoice program.

EÜR and annual accounts

If the small business earns less than 22,000 euros , then the trader can do without the income surplus invoice (EÜR) and only has to submit a tax return to the tax office.

The owner of the small business must prepare annual financial statements for his company at the start of business activity and at the end of the financial year , provided that the turnover exceeds EUR 600,000 or the profit exceeds EUR 60,000. If the values ​​are below these thresholds, a simple surplus calculation (income minus expenditure) is completely sufficient.

Small business writing invoices

Of course, the small business owner is obliged to issue a proper invoice . In principle, invoices for small businesses are subject to the guidelines and requirements of the Value Added Tax Act . Exceptions or other requirements only apply when the small business regulation is valid . It is important that every invoice in the small business contains the mandatory information required for an invoice .

Accounting software and invoicing software for small businesses

As a small business, a professional bookkeeping and invoicing program can be of great help. With the software from sevDesk, you have a powerful tool at your fingertips that provides you with valuable services in everyday work. For example, you can create invoices and offers quickly and easily . In addition, you can do your accounting yourself with such software and thus save the costs of a tax advisor.

Taxes and Small Businesses

  • Like any entrepreneur and the small business needs in addition to the income tax and the business tax paid, with an allowance of him 24,500 euros applies annually. Below this amount, no trade tax has to be paid.
  • The small business owner only has to pay sales tax if he does not make use of the small business regulation .
  • The wage tax is to be reported and is due if employees work in small businesses.

Business continuity in small business

Should the small business cease to exist, then the small business owner can sell the essential operating resources or transfer them to his private assets . It is also possible that the small business owner transfers his business to a legal heir.

Health insurance for small businesses

In principle, the owner of the sole proprietorship, i.e. the small business owner, is exempt from social insurance . For example, there is no obligation to make contributions to pension insurance or unemployment insurance .

However, even as a small business owner, you cannot avoid health insurance . However, you have the choice between statutory and private health insurance. You can find valuable tips and recommendations for this in our article on health insurance for the self-employed .


A small business owner has the advantage that he can basically set up a company very quickly and in a very simple way. In addition, he has very simple accounting obligations . For the small business, the legal form of sole proprietorship for a single founder and a GbR for founders in a team are possible. In the small business, no complex annual financial statements are necessary, there is no need to take an inventory. The simple bookkeeping is sufficient and the profit is determined via the EÜR. The small business is especially ideal if you want to become self-employed as a part-time job and use it as a secondary business.

Small Business 3