Depending on the setup you choose, earnings as a Beast Partner will be taxed. In many countries, we’re legally obligated to report the earnings of Beast Partners to the local tax authorities regardless of whether you’re a partner via your company or operating as an individual.

Becoming a Beast Partner as a company can offer several benefits, for example in terms of Value Added Tax (VAT) and liability. While we cannot give specific tax advice, we suggest consulting with a tax advisor to weigh the pros and cons of setting up a limited liability company and becoming a Beast Partner through your company versus doing so as an individual. This way, you can make an informed decision based on your specific circumstances and goals.

Please note that operating as a limited liability company has several benefits beyond VAT and liability, including:

Separation of personal and business assets: A private company separates your personal and business assets, which can provide greater protection for your personal assets in the event of a lawsuit or financial issue.

Simplified taxation: An LLC is a separate tax-paying entity, which can simplify the tax process and potentially reduce your tax liability.

It's important to keep in mind that setting up a company also comes with additional responsibilities, such as keeping accurate financial records and filing regular tax returns. So, it's recommended to consult with a tax advisor and weigh the potential benefits against the added responsibilities.