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Legal briefing notes

Registration of individual entrepreneur in Voronezh: Legal services of the Tsentralny Okrug Law Firm

Registration as an individual entrepreneur is one of the easiest forms to start your own business. Anyone can do this and the procedure itself will not take much time. To do this, you only need to apply a minimum package of documents. It should be noted that the costs are minimum for registration and maintenance. Meanwhile, an individual entrepreneur is exempted from paying personal income tax and all his customers are exempted from pension fund contributions and Social Insurance Fund. Due to this, there is a real opportunity to significantly increase the profitability of activities. In addition to the undeniable advantages of individual entrepreneur, there are also some risks. The entrepreneur is liable for his activities risking losing not only his business but also his existing property.

Responsibility for the activities without registration

When opening your own business each person should obtain the status of an individual entrepreneur, otherwise he may be prosecuted according to the current legislation. Entrepreneurial activity can be called any kind of activity that is able to systematically generate profit. According to the current legislation persons who conduct entrepreneurial activities without proper documents may be fined 2,000 rubles. Also, according to the Tax Code of the Russian Federation the subject must pay a fine in the amount of 10% of income but not less than 40,000 rubles. If the shady business generates total income of more than 1 million rubles, such an entrepreneur may receive a fine of up to 300 thousand rubles as well as community service for up to 480 hours or imprisonment for up to six months.

How to register individual entrepreneur

Registration of an individual entrepreneur is a standard procedure that everyone can do. It is necessary to draft an application for registration then certify it by a notary or directly at the registration authority and pay a state fee. After that in 3 days you will be able to receive a complete set of documents confirming your registration of individual entrepreneur. Next, you ought also order a stamp as well as open a bank account. This procedure rarely takes more than 1-2 days. In total, it will take about 5-6 days from the moment the documents are applied to the moment the status of individual entrepreneur is received.

Services on the registration of individual entrepreneur

The Tsentralny Okrug Law Firm provides a range of services including the registration of individual entrepreneurs in Voronezh, Lipetsk, Kursk, Belgorod and Moscow. We managed to assemble a team of true professionals in this area, due to which the entire procedure will be completed as soon as possible and according to all legal standards. To receive an offer to register an individual entrepreneur you can call us 8 (473) 20 30 161.

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