How to close IE with debt

The cessation of the activities of an individual entrepreneur is regulated by Federal Law No. 129-F3. You can close an emergency with debts, but in any case you will have to pay all the debts. Even if the cessation of activity is associated with the death of the entrepreneur.

You will need

• - application to the tax;

• - declaration;

• - statement to the court;

• - court statement.

Instruction manual

1

Start of business is registered with the tax office. All information is entered in the USRIP. On this basis, the entrepreneur must make tax deductions, make payments to the Pension Fund and to the social insurance fund.

2

Upon termination of business, you must pay all taxes and duties. Then fill out a tax return and submit an application to terminate its activities.

3

If you cannot pay off taxes, fees, pay debts to creditors and pay all employees a salary for working at your enterprise, you must file an application with the court to declare you bankrupt.

4

After considering your application and verifying your financial activities as an individual entrepreneur, the court will issue a ruling according to which you can repay all debts within 1.2.3.5 years. You will simply be given extra time to pay off all debts.

5

If it is not possible to repay the debt within the time specified by the court, your property will be described and sold. If you do not have anything, you will be involved in administrative work until the full payment of arrears for all tax and other fees.

6

In the event of arrears in connection with the death of an entrepreneur, all available property will be described by bailiffs, they will sell and transfer the proceeds to repay the debt. If the entrepreneur has heirs who continued his business, then all responsibility for paying off any types of debts will fall on their shoulders.

7

The only option for closing an IE with debts on taxes and other fees is if the individual entrepreneur has died or gone missing, he does not have property, other values ​​and heirs.

8

Accordingly, it is possible to cease its activity as an individual entrepreneur with debts, but at the same time all debts must be paid.