Publication date: 11.06.2024
Citizen - as a business entity
Citizens, as business entities, play an important role in the development of the economy of any country. They are entrepreneurial, creating new jobs, developing innovation and contributing to economic growth. By pooling their resources and knowledge, citizens can compete effectively in the marketplace, providing goods and services that meet consumer needs. Let's consider in more detail in which cases a citizen is a business entity, his duties, organizational and legal forms of activity and taxation systems.
In what cases is a citizen a business entity?
A citizen becomes a business entity in cases where he carries out entrepreneurial activity, that is, independently at his own risk, produces products, performs work or provides services aimed at systematic profit-making. This requires state registration in accordance with the established procedure.
Duties of a citizen-entrepreneur
According to Part 6 of Article 128 of the Economic Code of Ukraine, a citizen-entrepreneur is obliged to:
• Comply with the requirements of current legislation.
• Ensure timely payment of taxes and fees.
• Keep accounting and financial reporting in the prescribed manner.
• Fulfill the terms of contracts with counterparties.
• To carry out business activities in compliance with the rights and legitimate interests of other persons.
Organizational and legal forms of entrepreneurial activity of a citizen
A citizen can carry out entrepreneurial activity as a sole proprietor in the following organizational and legal forms:
• Individual entrepreneur (FOP)
• Private enterprise (PE)
• Self-employed person
Systems of taxation of a citizen - a business entity
In Ukraine, citizens who are business entities can choose between several taxation systems:
• General taxation system – provides for the payment of income tax and other taxes and fees depending on the type of activity.
• Simplified taxation system – provides for the payment of a single tax, which greatly simplifies accounting and reporting. It has several groups, each of which has its own conditions and tax rates.
Conclusion
A citizen, carrying out entrepreneurial activities, has the opportunity to independently make decisions, manage his business, determine areas of activity and cooperate with various counterparties. State support is important, as entrepreneurs create gross domestic product and contribute to the country's economic growth. State support may include favorable tax conditions, grants and programs for the development of small and medium-sized businesses.
Offer from the legal service "Consultant"
Legal service "Consultant" offers professional services in the field of consulting and legal support for citizens who have decided to do business or are already engaged in entrepreneurial activities. We provide:
• Consultation of a lawyer on business registration issues.
• Consultation of a lawyer regarding the choice of the optimal taxation system.• Analysis of documents for compliance with legal requirements.
• Legal analysis of the situation for making informed decisions.
• Written consultation on various aspects of running a business.
• Verification of documents by a lawyer to ensure their correctness and legality.
• Help from a lawyer online on any legal issues.
• Online lawyer for prompt resolution of legal issues.
• Legal opinion on legal aspects of activity.
• Legal opinion of a lawyer on business issues.
• Lawyer online for consultations and support.
In addition, we provide legal support in obtaining grants for conducting business activities, helping you to use available resources as efficiently as possible for the development of your business.
Contact the "Consultant" legal service for qualified assistance in all matters related to conducting business!
