Can I start my own IT company which will rely on freelance bidding sites for projects?

Thank you for the A2A Aakash Saini

While you can successfully establish an agency on any freelancing platform, I am not sure about a full-fledged IT company.

There are a couple of reasons behind this:

  1. A company has a lot of other resources such as HR, Accounts, Marketing and Sales. How do you plan on getting them paid? For an agency, all you need to do is get a few of your like-minded friends and add them to Upwork. No additional charges.
  2. You also need a rented space to set up an office. Not to mention, a properly registered company name, furniture, website, stationery and so on. If you really earn so much through your freelance gig, I strongly suggest opening an agency and not a Company. You will have the additional headache of taxes and GST and so on.

Let me know if this was helpful. 🙂

Leave a Comment

Your email address will not be published. Required fields are marked *