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Who is the individual entrepreneur

Who is the individual entrepreneur

Individual Private Enterprise is available to any citizen of the country who wants to conduct business within the law.

This legal form allows you to not form a legal entity, which greatly simplifies the design and reduces the necessary permits and registration documents.

Who can be an individual entrepreneur

The law defines the businessHow to implement your own at your own risk with a view to systematically generate income. The activities of individuals who have positioned themselves as individual private entrepreneurs, governed by Article 23 of the Civil Code of the Russian Federation. It states that such activities citizen is enough to complete the registration process, after which it can enter into transactions to produce goods or services.
Individual entrepreneurs can be atEssentially, any individual is of full age, and young people with a certain age, both residents and citizens of other countries or even those who have no citizenship. Become an entrepreneur and create a formal way, or maybe even a municipal civil servant.
A prerequisite for all of these categoriescitizens is capacity, not limited by the courts. In the case where a person under 18 years old, wants to carry out commercial activities, it would need the consent of a parent or guardian, in the absence of such consent, the young entrepreneur can act on the basis of a court decision on the recognition of its legal capacity. Persons under 18 years old, but already married, permission from parents or guardians is required.

As the activities of an individual entrepreneur

After registration with the tax authorities, whichis notifying the government, the entrepreneur is free to choose the system of taxation, which will be more convenient and profitable for him. The Tax Code in detail painted on the current date, the tax system, the calculation and payment of taxes, which shall deduct the budget private entrepreneurs.
In the case of non-payment of taxes or failurecontractual relations, the entrepreneur is responsible, in particular, it can meet its obligations and personal property. Therefore, before starting a commercial activity for profit, should be good to calculate all possible risks and to take seriously the economic side of things. It is best to write a business plan and show it to the professional economists, it will help you avoid many mistakes and disappointments.

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