Business registration

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When registering as self-employed, it is worth keeping in mind that the self-employed person is obliged to issue a receipt to the buyer in paper or electronic form and transfer the payment data to the Federal Tax Service, which can be problematic due to the lack of opportunity to use acquiring. In addition, the self-employed do not have access to the simplified taxation system.

The owner of an individual entrepreneur can use acquiring and the simplified tax system. The volume of documentation is minimal, no large investments are required, registration is fast, and fines are low.

However, expansion to a franchise for individual entrepreneurs is impossible, and the entrepreneur's property is at risk. Usually, this form of ownership is chosen by small business owners who do not have much experience.

In the case of an LLC, the owner will risk not his own funds, but malta whatsapp phone number the invested capital. Unlike an individual entrepreneur, registering an LLC requires time and large financial investments, professional bookkeeping, and tax rates and fines are also increased. For newcomers to business, this form of ownership may be too expensive and complicated.



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Having chosen the form of ownership, you, as the future owner, need to collect all the necessary documents and fees for registration, contact the tax office to register as self-employed, an individual entrepreneur or LLC.



Choice of taxation
For small businesses, this is usually the simplified tax system "Income" or the simplified tax system "Income minus expenses". For the simplified tax system "Income", VAT is 6% or 8%, and for the simplified tax system "Income minus expenses" - 15% or 20%.