Ip Restaurant Business
What are the advantages and disadvantages of these two options? IPs are easier and faster to register. The registration form should be completed on four pages, a copy of the passport page (first and page with propis) and the certificate of receipt of INNs, and a statement of simplified tax system should be completed. The papers go to the tax service. " Both the law and the GS and the IP are registered in four working days, but in the case of the IP, it is possible, and occasionally there are delays with the GSB, the Executive Director of the Business and Law Agency, Michael Buyana. The registration of GSs in addition to the registration form also requires a constitution drafted and adopted by the constituents.
With regard to reporting, there are no differences for PPI and GS. Once a quarter, a tax declaration has been issued to the tax service, including a tax on the income of natural persons. Also once a year, the same tax service receives a book on income and expenditure accounting (the paper talmud, which is posted at the beginning of the year in the tax service and is then hand-delivered by an entrepreneur; a new year is being issued).
Another undeniable plus of the IP is that tax is sufficient to remove money from the firm ' s account (in the case of simplified taxation, either 6 per cent of turnover or 15 per cent of the difference between income and expenditure can be selected). The GSB managers are obliged to justify the cash transaction, report to the tax service, and pay a 9 per cent levy on dividends.
IPs are most commonly recorded for the test of their own forces. "If something didn't work out, IP closing is much easier than GS" , said by Bujanov. It's enough to check all the counterparts' relationships, that's to prove that there's no debt to anyone. The elimination of GSs requires a mass of documents to be made available to the tax service, including the publication of the firm ' s liquidation notice in a special edition to alert creditors.
