Registration of individual entrepreneur (IE) is the most available for those who would like to try themselves in business and don’t keep a huge seed funding.
Advantages of doing business as individual entrepreneur:
- a minimal document package;
- working without charter, opportunity of doing business without seed funding;
- more simple accounting as compared to LLC`s;
- opportunity of doing business without opening a bank account.
The main disadvantage is the absence of responsibility restriction of individual entrepreneur: individual entrepreneur is responsible for all his property for the debts and obligations.
In order to register IE client should provide the following documents and information:
- Copy of identification number (tax number);
- Copy of passport;
- Activity information (KVED). KVED can be selected alone or with the help of our specialists. We recommend choosing several activities.
The price of registration of IE on turnkey basis amounts a fixed 1 500 UAH. In result of provided service of registration of individual entrepreneur by Advance Consulting you get:
- Complex legal counsel on registration and taxation of IE;
- Selection of type of business authorized according to KVED;
- Extract from United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations of Ukraine;
- Extract from Register of single tax payers (for person, who have chosen the simplified tax system);
- Digital signature.
Moreover, Advance Consulting could help with:
- Setting up a bank account in one from Ukrainian banks;
- Accounting support;
- Cost and management accounting;
- Getting licensees, permition on curten activities;
- Drafting necessary contracts according to specificity of IE`s activity.