How to open a private enterprise

An individual entrepreneur without a legal entity is one of the most profitable forms of ownership for small business owners. Almost everyone can register and start a business today with minimal cost and in the shortest possible time.

You will need

- passport
- reference book of OKVED
- money

Instruction manual

To open a private enterprise (IP), you can contact a law firm that will draw up for you the entire package of documents in just a couple of days. However, in this case you inevitably overpay. Therefore, the best option is self-submission of documents.

After you have decided on future activities, you need to select its name in any OKVED (All-Russian Classifier of Types of Economic Activities) reference book. You can immediately select several OKVED codes if you plan to conduct various business lines.

Contact your nearest tax office and get a sample application there. This application must be completed and notarized.

Make a copy of your passport. Pay the state fee for the registration procedure. As a result, your package of documents will include a certified statement, a receipt on payment of a fee, a copy of your passport.

Hand over a package of documents to the tax office. In return, they will give you a receipt on the acceptance of documents. Within 5 business days, your package must be reviewed. After this period, you will be given a TIN certificate, a certificate of state registration of an individual as an individual fund. In addition, you will receive a certificate of statistics codes.

At this stage you need to choose a tax form. Depending on the scope and type of planned activity, you can choose one of three options: the traditional taxation system, the simplified taxation system (STS) or the single tax on imputed income (UTII).

After receiving all registration documents, you must make a seal on which the name of the individual entrepreneur and his TIN must be indicated. Only after that you can officially begin to conduct your business.

In addition, now you can open a bank account in any of the banks.

Consult the tax authority on the timing of reporting to all budget and extra-budgetary funds.

note

Remember that an individual entrepreneur risks all his property. In the event of a critical situation, an accident at your company, a loan default, your personal property may be seized.

Useful advice

Contact your small business support fund. There you will be provided with free consultations, as well as help with a favorable loan for starting a business.