How to suspend activities

Depending on whether you intend to suspend the LLC or IP, you will have to perform a certain number of necessary actions associated with this procedure in order not to have problems with the tax office in the future.

Instruction manual

1

Suspension of LLC activity can occur both on the initiative of the founders and from the outside. However, this procedure, carried out from the outside, may be fraught with the interests of various departments, so in each case you will have to carry out the actions prescribed to you. In other words, nothing will depend on you in this case.

2

If you want to suspend your company on your own initiative, issue an order. The order should contain comprehensive wording on the suspension of the organization. The order is signed by the Director General or a person temporarily performing his duties.

3

Familiarize yourself with the order of all employees of your LLC. Ask them to provide you with resignation of their own free will. In case of conflict, you can send employees on vacation, but without saving content. You can also go on unpaid leave. Please note: in this situation you are not required to notify the labor inspectorate about this.

4

In order to maintain the status of an operating company, regularly submit reports to the tax authorities with zero turnover, income and expenses. If in the first 12 months from the date of suspension of the LLC’s activity no such report is received by the tax authorities, then your organization will be closed forcibly.

5

If you are leaving the region in which your company was registered, submit to the tax authorities a certified copy of the order to suspend the organization. Issue a power of attorney to the official to submit reports with zero balance on your behalf. Notify the tax inspector in charge of the issuance of such a power of attorney.

6

Do not close your bank accounts. Otherwise, the suspension of the organization will be considered as fictitious.

7

If you are an individual entrepreneur, then it will be quite enough for you to submit to the tax authorities on your own or through a proxy during the entire period of suspension of activity zero reporting.