Self-Employment and Real Estate for Architects
1. Self-Employment for Architects
Self-employment has the following characteristics:
- Self-management of the professional work portfolio
- Assumption of contract risk
- Revenue billing
- No imposed workday
- Social Security coverage by the architect
- Total liability responsibility
The architect develops their business as an individual, invoking the relevant tax regime. They may hire employees, assuming the role of employer, paying through payroll and establishing working relationships. Alternatively, they may contract or collaborate with other professionals engaged in self-employment (discharged from Economic Activities), paying by check. In this case, there will be no employment relationship, even if there are individuals required to withhold on account of personal income tax.
Steps to Take to Exercise Self-Employment:
- Registration in the Professional Association of the demarcation of residence
- Registration in economic activities for tax purposes (Forms 845 and 037), choosing the most appropriate regime for each state (EOS, ED, etc.)
- Registration in Social Security as a freelancer or, failing that, at the Fellowship of Architects National Institutions (HNAS)
- Sign up for Liability Insurance for Architects (ASEM) when professional activity is about to start.
In the Case of Contract Workers:
- Perform contract
- Register them in the General Scheme of Social Security
- Contract Work Injury Insurance
Obligations of Regular Self-Employment:
- Maintain an updated single seat in the accounting standard book of the Ministry of Finance
- Quarterly Transactions subject to VAT
- Quarterly income tax withholding from employees and partners
- Quarterly Revenue and income tax withholding statement
- Annual Summary of Operations subject to VAT
- Annual Summary of personal income tax withholding for employees and partners
- Annual Summary of Operations with Third Parties
2. The Real Estate Company
- The acquisition of land: is the lifeblood of business; its profitability depends on the quantity and quality of soil to obtain, and the price at which it was obtained.
- The management of soil: Conversion of the land reserve of land suitable company to start building (urban).
- Building projects: In parallel to urban management, the performance of investment projects in the ground available will be outlined, culminating with the hiring of an architect and architectural drafter.
- The implementation and management of architectural projects: Once you have an architectural project, perform the execution, which means hiring the builder, and Facultative Management, etc.
- The sale and after-sale of real estate product runs parallel to the execution of the sales department.
The Staff: to behave equivalent areas of the Construction Company.
3. Reports, Expertise, and Opinions
- A report is a written statement of facts or things related to the architect’s work.
- An opinion is the architect’s view as set forth in a report.
- Expertise is an expert opinion, oral or written, that under the provisions of the Act is issued in a summary trial or as evidence, as requested by the judicial authority.