HOW TO SET UP YOUR OWN BUSINESS?

What is better these days: to set up a company or start your own business as a private entrepreneur? This is one of the most common questions asked in numerous legal aid agencies in St. Petersburg. Law provides for unlimited freedom of choice between large and so called, small business, and, as practices have shown, the correct choice plays a very important role in the life of new businesses. What are the most vital issues of conducting business in general nowadays and of one of its most common forms - handling business by a private entrepreneur in particular?

A citizen who wants to set up his own business after having faced a complicated procedure of a company registration is not always capable to pay 50% of the authorised capital and a high registration charge. What is more, being "under the safeguard of the state" does not free anybody from following the tough rules established by law. Only rigid requirements for statistical reports and harsh taxation system with a vague perspective of adopting a new tax code brings one to a conclusion that conducting business as a private entrepreneur is much cheaper. more

Who can be a private entrepreneur?

How to become an entrepreneur and issues to address if you decided to be self-employed?

What is a certificate of official registration of a private entrepreneur, and to what should attention be paid when obtaining it?

Can the registration be denied on the grounds of absence of a license and a qualification certificate (diploma) at the date of registration?

How does one register with the tax authorities?

A registered private entrepreneur falls under the traditional taxation system defined by the Law "On income taxes payable by private individuals" dated 07.12.91. What are the advantages of a simplified taxation of private entrepreneurs, and what is Form N 8 Patent established by St. Petersburg Law dated 11.06.96?

How is the annual cost of a patent determined?

Do any benefits for private entrepreneurs exist in St. Petersburg since not every private entrepreneur is able to pay 600 MROT (minimum salary) in order to deal in commerce?

What are next steps after the registration with the tax authorities and what allocations to the government social extra-budgetary funds are mandatory?

A simplified taxation system also offers a simplified system of accounting and reporting for a private entrepreneur. What is it like and what are its advantages?

Is the tax authority entitled to revise the cost of the patent for the next calendar year?

What are the consequences of exceeding this limit?

What are the single tax rates in St. Petersburg?

Is the annual cost of the patent the only tax on entrepreneurial activity to be paid by private entrepreneurs in St. Petersburg?

Can a private entrepreneur refuse a simplified taxation system after he has been registered with the tax authority and obtained Form N 8 Patent?

What is a license for entrepreneurial activity, and what documents are required to obtain such a licence from a licensing agency?