How to open your business as an individual entrepreneur

Starting your own business, you need to open your own company. The optimal form of ownership for beginners is to register as an individual entrepreneur. Opening an IP is quite simple and quick, and the tax burden will not hit the company’s budget too much.

You will need

• - a package of documents for tax;

• - print;

• - bank account.

Instruction manual

1

Select the proposed type of activity according to the classifier of OKVED. If in the future you are going to develop your business and engage in several areas, it is better to identify them immediately. To add OKVED codes to your documents later, you will need an additional appeal to the tax office, which will take both time and money.

2

Decide on the form of taxation. For individual entrepreneurs, two systems are priority - a simplified taxation system (STS) and a single tax on imputed income. The traditional tax system is rarely used in this form of ownership.

3

Prepare the following package of documents for the tax office:

1. Application in the form P21001 (you can take a sample in tax);

2. The original and a copy of the Russian passport;

3. Information on the alleged activities with the indication of OKVED codes;

4. Copy of TIN (if available);

5. Receipt of payment of state duty (800 rubles)

4

Within 5 working days, your documents must be reviewed and registered. After that, you get on your hands a package of documents with which you can conduct business. It includes a certificate of registration (OGRNIP), a TIN certificate, an extract from the unified state register of individual entrepreneurs (USRIP), notifications to the insurer from extrabudgetary funds (FSS, PFR, MHIF), an information letter on receipt of statistics codes.

5

Make a stamp on which should be indicated: name of individual entrepreneur, TIN.

6

Open an account at any bank. Within 7 working days, notify the tax office about opening an account in the form C-09-1.

note

Keep in mind that in a critical situation or litigation, an individual entrepreneur risks all his property.

Useful advice

You can entrust registration as an IP to a law firm. In this case, you will avoid visits to the tax office and save time by paying the services of an intermediary.

Website of the Federal Tax Service.