The company's money is separate from the owner's money

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The company's money is separate from the owner's money, and associates can only take money out of the company through dividends, salary/bonuses (which are taxed) or per diem. Advantages and disadvantages of PFA PFA is the way in which a natural person, without legal personality, can carry out an economic activity. If the annual economic activity is quite limited, it would be advisable to opt for its development in the form of PFA. Benefits: 0 establishment costs at the Trade Registry; Simple administration procedure; It is only necessary to complete a register of receipts and payments for the management of simple batch accounting, which can be handled by the holder himself; Only the single declaration for the declaration of profit must be submitted annually to ANAF.



The PFA holder can also use money from the PFA account for personal purposes; Deleting Phone Number Data a PFA is quick and easy; Low administration costs. Disadvantages: The holder is liable with his personal wealth and can be enforced in case of non-payment of a debt; There is a need to justify the field of activity through documents attesting to professional training; Limitations regarding the settlement of certain expenses, because tax is paid on profit and expenses that are not connected to the field of activity are not considered deductible; Extremely low level of credibility in the case of a possible partnership with a strong company in the market; High fees and taxes: 10% profit tax; if in 2023 the total income exceeds 25,000 euros, in 2024 the PFA will no longer be taxed at the income rate, but will switch to taxation in the real system; in 2023, only PFAs that achieved incomes below 100,000 euros in 2022 are eligible for taxation of 10% on the income rate; if the income will be between 12 and 24 gross minimum wages per economy, the calculation base for CAS (of 25%) is at least 12 minimum wages.





The minimum gross salary per economy in 2023 is 3,000 lei; if the income exceeds 24 minimum gross wages per economy, the CAS will be calculated at the level of 24 minimum gross wages per economy; if in 2023, the income of the PFA will be below the threshold of 6 minimum gross salaries, the holder will not have the obligation to pay CASS, the following year; for incomes between 6-12 gross minimum wages generated in 2023, CASS of 10% will be calculated, applied to the equivalent amount of 6 gross minimum wages per economy; if the income is between 12 and 24 gross minimum wages, CASS is calculated at 10% of 12 gross minimum wages; The PFAs that will register incomes above 24 gross minimum wages in 2023, will pay CASS of 10% on the equivalent of 24 gross minimum wages per economy. Once the form of organization of the company is identified, it is necessary to complete the next step, namely: necessary documents - online store. 2.b. Acts,