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5 advantages of being a microentrepreneur

Ever heard of MEI? Find out what that means, and see the advantages of becoming financially independent, how to get special loans and have reduced taxation!

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Is being a microentrepreneur worth it? See before opening your own business!

Então, veja os prós e contras de ser MEI! Fonte: Pexels.
So, see the pros and cons of being MEI! Source: Pexels.

Many people prefer to work as a microentrepreneur because of the advantages that being a MEI brings. But, after all, what are these advantages? Rest assured that we will explore all points of the subject.

These advantages range from opening your micro-enterprise to being accountable to the government or relating to other entities. In fact, more and more people are taking advantage of this opportunity in Brazil.

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4 free finance courses for entrepreneurs

The female audience is increasingly part of the finance area. There are online and free courses that can help women and be financially free!

Although the MEI has existed since 2008, this is a way of working that still raises many doubts and questions in people, doesn't it?

So, before we go on to learn about all the advantages that your micro-enterprise can offer, how about we understand a little more about what MEI is and how it works?

What does it mean to be a Microentrepreneur?

Mas, afinal, o que isso significa? Fonte: Pexels.
But, after all, what does that mean? Source: Pexels.

The easiest way for you to be a micro-entrepreneur and take advantage of all the advantages that this model offers is through the MEI. Thus, this is the acronym for Individual Microentrepreneur.

But what exactly is being a MEI? Well, first of all, this was a way for the federal government to formalize several professionals who worked autonomously.

Thus, through the regularization of the MEI, the whole process of being a micro-entrepreneur has become much simpler, fairer and more practical. You have several rights, such as issuing invoices and tax reductions.

However, becoming MEI also offers some disadvantages that can get in your way. Therefore, it is important to know a little more about these points. Let's check!

Disadvantages of being a Microentrepreneur

Well, the first disadvantage that we can point out is the fact that you have a maximum billing limit to be able to fit into this category. Thus, not everything is flowers and advantages in being a microentrepreneur.

That way, your annual turnover cannot exceed R$81 thousand! So, be aware of this detail, because if you pass it, you will have to fit into another category of company. In addition, MEI only allows you to have one employee.

Sometimes, when you are evolving your micro-enterprise, you feel the need to hire some employees to help you. However, in the case of MEI, this reality is restricted to one person only.

In addition, another negative point in being a micro-entrepreneur is that the MEI does not offer job opportunities for all professions. So, you need to check if yours fits into the category!

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Unemployment insurance and financial organization

Furthermore, the fact that there is no unemployment insurance can be a discouraging factor. Some benefits and labor rights do not extend to micro-entrepreneurs.

In addition, your contract may end at any time, or you may find yourself without job opportunities for a few months. So, it is necessary to be very organized in the volume of work and income.

That is, plan and manage your money to prepare for all possible scenarios! Be ready to face any crisis being a microentrepreneur!

Discover the 5 main advantages of being a microentrepreneur

Veja se vale a pena de verdade! Fonte: Pexels.
See if it's really worth it! Source: Pexels.

Well, without further ado, let's get to know the five advantages we've listed of being a micro-entrepreneur? 

Get CNPJ

First, when you become a micro-entrepreneur, you can issue invoices through a CNPJ. In other words, the National Register of Legal Entities. By the way, this process is completely free!

In addition, you can register directly on the government website, on the Entrepreneur Portal. Then, to become able to issue your notes, you must seek information from your city!

Also, stay tuned, because it's only with the CNPJ that you can access several benefits of being a microentrepreneur!

simple statement

Everyone knows that filing your income tax return can be a little tricky. But, being a micro-entrepreneur, you have the advantage of being able to make a simplified statement.

Thus, your statement can be made online through the Federal Revenue platform without any difficulty or exaggerated filling.

reduced taxation

One of the best advantages of being an individual micro-entrepreneur is the fact that you are subject to very low taxation. That is, you pay less taxes than people who own large companies.

In this way, being MEI, you need to pay the DAS monthly, a document prepared by the federal government that has the following tax collections:

  • 5% of the minimum wage for contributions to the INSS;
  • R$1.00 for ICMS, if you operate in the industry and commerce;
  • R$5.00 for ISS, if you work as a micro-entrepreneur in the service sector;

Furthermore, it is still possible for you to pay both the ICMS and ISS amounts if your micro-enterprise operates in both categories!

Bank loan

Continuing with the different benefits and advantages of being a micro-entrepreneur, we can mention the ease of obtaining a bank loan. By the way, not just the ease, as you enter another financial category.

This is because the amounts allocated to legal entities are higher than those allocated to individuals. In addition, many banks offer specific credits for MEIs.

Thus, you have the possibility to reinvest that money in your business to make it even more powerful and profitable!

In addition, most of these loans offer reduced interest, precisely because you know that MEI profit has a ceiling!

social security benefits

Finally, the last advantage we mention here for being a micro-entrepreneur is the fact that you have access to social security rights and benefits.

Despite not being able to apply for unemployment insurance, there are other interesting points to regularize as an MEI.

Retirement

Thus, you are entitled to obtain an old-age pension and in case of disability. That's thanks to the 5% you contribute to social security!

Illness and maternity allowance

In addition, you are entitled to sickness and maternity aid! In both cases, the micro-entrepreneur has a minimum wage contribution from social security.

Seclusion aid

Obviously no one plans on getting arrested. However, if you happen to be arrested as a micro-entrepreneur, your family has the right to receive this prison aid benefit in your absence.

Pension

This is another one of the advantages aimed at the relatives of those who are microentrepreneurs. With it, if you die, your family members are entitled to receive a pension. But, the duration of the aid will depend on some factors.

Discover other possibilities: Digital Workbook Application

So, what did you think of the advantages of being a micro-entrepreneur and putting all your individual potential to shine? Anyway, now, let's show you other possibilities!

For example, did you know that there is an application for you to access your Work Card? This is an app that greatly facilitates the daily lives of workers and those who want to have their work papers signed.

Thus, through this app you can check all your professional CLT history. Also, you facilitate your interaction with the company that intends to hire you, isn't that great?

Anyway, do you want to know more about how the Digital Work Card works? Meet our review on this application and clear all your doubts. Click right now on the link below and learn more!

Símbolo e nome do aplicativo Carteira de Trabalho Digital

Digital Workbook: how it works

Available for free on the App Store and Google Play, the Digital Work Card app makes all your work data available and makes your day to day easier.

About the author  /  Filipe Travanca

Bachelor in History and Audiovisual by the University of São Paulo. Passionate about writing and literature, he works as a screenwriter, editor and short story writer, exploring the most varied themes and subjects. A great curiosity, who likes to study a little of everything and share these learnings in his texts.

Reviewed by  /  Samantha Scorbaioli

Senior Editor

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