Social security for light entrepreneur 5min

Any light entrepreneur has the right for social security, just like an entrepreneur or an employee. There are slight differences in the definition of social security for light entrepreneurs, entrepreneurs and employees. For light entrepreneurs social security is defined by YEL income of your YEL insurance. Closer you set your YEL income compared to your actual income, the more comprehensive your social security is.

Some light entrepreneur services won't advise you on the amount of YEL income, but FREE! thrives for best customer experience and will monitor your annual income and notify you if you deviate too far from optimal YEL income. Although this is not mandatory and we'll allow freedom, since that is what being an entrepreneur is all about.

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