With sole proprietorships, there is no legal distinction between the owner of the business and the business itself. Typical examples are: 


  • Craftsmen
  • Restaurants
  • Travel agencies



Freiberufler (members of the liberal professions) are entrepreneurs with special professional qualifications or special academic background who provide certain services and belong to the so-called catalogue professions according to § 18 EStG. Typical examples are: 


  • Doctors 
  • Lawyers
  • Engineers
  • Architects


Freelancers are independent workers who, on the basis of a freelance service or work contract, carry out assignments independently and personally without being employees of the client. Freelancers are often confused with Freiberufler, but they have a different legal status in Germany (see above).


You would like to try out Penta? 


Account opening for sole proprietors

Account opening for Freiberufler

Account opening for freelancers