How do I start a sole proprietorship in Norway?
In order to start a sole proprietorship, you must:
A PO boxis not accepted.) be 18 years or older (if you are over 15, you can register a sole proprietorship with the permission of your guardian and the County Governor (Application for the County Governor’s approval) choose “Annet” once you are logged in to the form)
How much should I pay myself as a sole proprietor?
If your business is established and profitable, pay yourself a regular salary equal to a percentage of your average monthly profit. Don’t set your monthly salary to an amount that may stress your company’s finances at any point.
How much do I need to pay in taxes as a sole proprietor?
You’re required to pay self-employment taxes on your net profits, which occurs when your business income exceeds your expenses. The self-employment tax rate is 15.3% for 2022, which consists of two parts: Social Security tax: 12.4% Medicare tax: 2.9%