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Sole Trader in General

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Business activities can be carried out without a company. This business form is referred to as sole trading. A sole trader carries on business activities through his/her own work input. If there is more than one business partner, the form of business is then called a general partnership [1.3 General Partnership and Limited Partnership].

A start-up notification for the business must be submitted to the Trade Register if any of the following conditions are fulfilled:

  • The business is regulated as licensed trade or
  • Business is carried out at business premises or in an office (fixed place of business) or
  • The entrepreneur has employed a person, who is not his/her spouse, a minor or a child under his/her guardianship or his/her grandchild

A person engaged in agriculture and forestry or in fishing is not subject to registration even if some of the above-mentioned conditions would be filled.

A sole trader may, if he/she so wishes, register himself/herself by submitting a start-up notification to the Trade Register even when he/she is not under a legal obligation to do so. It might be beneficial to register, i.e. a registered business name is protected. It also becomes possible to use one’s business name as a security of a loan (so called business mortgage, [6.1.4.1 Debt Financing in General]).

Legal Counsel

Maarit Niemistö, Legal Counsel (Leave of absence), +358 20 7205 464, maarit@niemisto@fondia.com, I mainly work with assignments relating to commercial agreements, construction and real estate.

Maarit Niemistö

Legal Counsel (Leave of absence)

+358 20 7205 464

I mainly work with assignments relating to commercial agreements, construction and real estate.

Satu Relander, Senior Legal Counsel, Team Leader, +358 20 7205 440, satu.relander@fondia.com, I assist our clients broadly in their legal matters but my strongest expertise lies in corporate law, contract law and transactions.

Satu Relander

Senior Legal Counsel, Team Leader

+358 20 7205 440

I assist our clients broadly in their legal matters but my strongest expertise lies in corporate law, contract law and transactions.