In order to start a new business, you must first register and apply for an individual business. You must register your business within 20 days of starting your business. Of course, if you do business without business registration, various disadvantages will occur.
How to register as an individual business
There are two ways to register as an individual business: visiting the tax office in person or using the Internet. Using the Internet home tax without having to visit in person is a better way in many ways because it saves time and is free of charge. Then, let’s learn how to register a business in Hometax in earnest.
Find a tax office near you
Individual business registration – How to apply for Home Tax
First, log in at HomeTax. You can log in in a convenient way, but these days, simple authentication is usually used. It is very convenient to log in through a private certificate such as KakaoTalk or Naver.
Go to Home Tax
After logging in, go to the top menu “Application/Submission” – “Business Registration Application/Correction, etc.” “Business Registration Application (Individual)”.
This is a page to apply for individual business registration in earnest, starting with entering basic personal information. Since you have logged in from basic information, the resident registration number and name (representative) are automatically filled in, and the company name (organization name) must be entered as required, and you do not have to enter the rest.
In the case of the location of the next place of business (organization), if you are doing business at home, please select “Female” for the same address. If you have a separate place of business, select “Part” and enter the address below
Next, it’s time to choose your business type. Click the search button next to the industry code to go to the industry code list search screen, enter the relevant industry and click Search to check all industry code lists. Among the various industry codes, you can select the applicable scope and criteria by checking the file below.
2019 Attribution standard (simple) expense ratio.hwp
9.36MB
Next, select your business type. Usually, there are not many sales at first, so there are many people who apply simply. Simplified taxpayers refer to individual entrepreneurs whose annual supply cost is less than KRW 80 million, and you can choose the type of taxation that suits you. Even if you apply simply, you may be registered as a general business in some cases, so if you have any questions, please inquire at the tax office first.
Required documents for individual business registration
Below is a summary of the documents required for registration as a sole proprietorship. In case of leasing a business place, a copy of the lease agreement is required. In addition, a copy of the permission or a business plan, partnership agreement (in the case of a joint business operator), and a statement of the source of funds are required for registration or business in a licensed business. Please note that submission documents can only be uploaded as PDF files or image files.
Business plan form collection.zip
0.36MB
1 Standard Partnership Agreement Form Korean.hwpx
0.08MB
Business registration certificate issuance/reissuance method
After completing the application form in this way, you can issue and print the business registration certificate in “View Civil Service Result”. In Home Tax, access the top menu in the order of “Certificate of civil application” – “Certificate of national tax issued immediately” – “Reissuance of business registration certificate”. If you enter the applicable business registration number, enter loss, damage, etc. in the reason for issuance, and click Apply, the application for reissuance is completed. Below is a good article for reference.
Individual business tax – how to save tax by section type
Individual Business Tax – Summary of how to save tax on section types
If you are an individual entrepreneur running a business, you are making a lot of effort to save taxes. But since I started…
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