How to organize a fund
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A non-state fund often acts as an effective tool in social activities, but for its creation it is necessary to go through a number of mandatory procedures and convince state structures of its trustworthiness. It is recommended to start the registration of the fund under the strict guidance of professional lawyers, although the general scheme of its organization can be presented in just a few critical steps.
You will need
- Protocol of the meeting at which it was decided to create a fund
- Foundation Charter
- Documents confirming the right of founders to use the legal address of the fund
- Certificate of registration of the fund in the Unified State Register of Legal Entities
- Certificate of assignment to the fund TIN
- Certificate of registration of the fund in Rosstat
- Bank account
Instruction manual
1
Collect and submit to the Ministry of Justice several constituent documents together with the completed application form. Among them: the protocol of the meeting of the founders, at which the decision was made to create a private fund, the charter of the fund was developed, any documents confirming the legality of using the legal address of the fund indicated in the protocol. Pay the state fee, and attach the receipt of payment to the documents and application.
2
Wait until the Ministry of Justice gives the go-ahead for the creation of the fund and transfers the documents to the bodies of the Federal Tax Service, which records funds, as well as other legal entities, and registers them by entering them into the Unified State Register.
3
Obtain a certificate from the Ministry of Justice that your private fund is entered in the State Register, issued on the basis of data received from the tax service (registration authority). The Ministry of Justice will notify the founders of the fact of registration as soon as they receive data from the "tax".
4
Put the new non-state fund for tax accounting in the bodies of the Federal Tax Service, select a taxation system and receive a certificate of assignment for TIN. It is also necessary to register with the local authority of Rosstat.
5
Open a current account, which a private fund, like any legal entity, must have, having previously selected a bank and currency. Notify the tax authority in which the fund was registered. From this moment, your foundation is a full-fledged legal entity and can begin its activities.
Useful advice
Remember that not all funds can use the simplified taxation system - an investment fund and a target capital fund cannot pay taxes under this scheme.
The number of founders of the fund is not regulated in any way by the existing procedure in all cases except one - a public fund consisting of founders must have at least three persons.
