Individual private entrepreneurship is available to any citizen of the country who wants to carry out commercial activities within the framework of the law.
This organizational and legal form allows not to form a legal entity, which greatly simplifies and reduces the registration of the necessary permits and registration documents.
Who can be an individual entrepreneur?
The law defines entrepreneurial activityAs carried out independently at your own risk and with the goal of systematic income generation. The activities of individuals who position themselves as individual entrepreneurs are regulated by Article 23 of the Civil Code of the Russian Federation. It says that in order to carry out such activities, a citizen has only to complete the registration procedure, after which he can enter into transactions, produce goods or services.
Individual entrepreneurs may beIn essence, any natural persons who have reached adulthood, and minors from a certain age, both residents and citizens of other states or in general persons without citizenship. Become a private entrepreneur and register in an official way can even a municipal or state employee.
A prerequisite for all these categoriesCitizens is a legal capacity not restricted by a court. In the event that a person who has not reached the age of 18 wants to do business, he will need the consent of his parents or guardians, in the absence of such consent, a young entrepreneur may act on the basis of a court decision to recognize his legal capacity. Persons who have not reached the age of 18, but who are already married, are not required to have permission from their parents or guardians.
How is the activity of an individual entrepreneur carried out?
After registration with the tax inspection, whichHas a notification nature, an entrepreneur is free to choose the taxation system that will be more convenient and profitable for him. The Tax Code of the Russian Federation details the current taxation systems, the procedure for calculating and paying taxes, which private entrepreneurs must pay to the budget.
In case of non-payment of taxes or non-fulfillmentContractual relations, the entrepreneur is responsible, including he can answer for his obligations and personal property. Therefore, before commencing commercial activity with the aim of generating income, it is necessary to calculate all possible risks well and take seriously the economic side of the matter. It is best to make a business plan and show it to professional economists, it will help you avoid many mistakes and disappointments.