2. There are five main differences between individual industrial and commercial households and enterprises:
1) set up individual industrial and commercial households without capital verification; Enterprises (companies) need to verify capital.
2) Individual industrial and commercial households bear unlimited liability, and family property bears joint and several liability; The company is a limited liability company, and only undertakes debts or liquidation responsibilities within the registered capital.
3) Individual industrial and commercial households generally have fixed taxes, which shall be subject to tax verification; Companies generally levy taxes in proportion, and the tax rate is applicable to small-scale and general taxpayers.
4) Individual industrial and commercial households generally do not have a sound financial system and do not need a monthly statement; Companies need to set up accounts and reports.
5) Individual industrial and commercial households don't need report review during annual inspection; The annual financial audit report is generally needed for the company's annual inspection.
I suggest you register as an individual industrial and commercial household.