How to launch without being registered as a company?

Questions
1

Hi amazing people!

I would like to know how to move forward in the following situation:

Let’s say, I am done building my app (a bike rental service) where owners can register their bikes and users can book it. Next step would be launching and advertising…

Am I legally allowed to launch this service without being registered as a company? Is the user allowed to receive a payment through an unregistered company? I dont think so…

I am testing my product and I don’t want to create a structure or register anything yet… I would like to build a solid user db first. For the same reason, I couldn’t open a stripe account. Hence, for now users payment is made in cash directly on the day of the rental and our service is free.

I will be glad to hear your valuable advices and to point out any mistakes to avoid when reaching this critical step.

Thank you so much in advance

2

Yes, you can trade without a being company. The word to Google is “sole trader”.

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3

This very much depends on what business/tax regulations you are governed by.

Each country is different, and also sometimes each state/country/province/region etc has their own rules around business registrations and structure.

A company is usually not the only trading structure available, but you would normally need to have some form of registration (even if as Lindsay said, a sole trader/individual registration).

Usually you can have an initial discussion with an accountant about your options :slight_smile:

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