What do you need to start your own business? Successful business idea, certain investments and desire to work. But that’s not all. There are several important legal points that you need to pay attention to when setting up a business. Today we will talk about how to take the first step – to register a business.
numbering-mal.pngStep 1. Choosing the legal form
The first thing you need to think about before registering your case is its legal form. The law offers two: an individual entrepreneur (IP) and a legal entity (JL). The form in this case directly determines the content of the activity.
If your goal is small trade, work and services that you will do on your own or with a small number of employees, or this is freelance, then the IP form is suitable for you. If you are planning a large business with serious prospects, it is better to organize a legal entity – LLC or JSC.
Individual entrepreneur – a citizen engaged in entrepreneurial activity without forming a legal entity. Continue reading