Legal form
Beginners will certainly have a question what legal form to choose: IP, LLC, CJSC? For those who first encountered business, they recommend choosing an individual entrepreneur so as not to “bother” with LLC or CJSC. It should only be remembered that in the case of registration of the status of an individual entrepreneur (IP), the entrepreneur is responsible for all his own debts of his own property. Participants in the Limited Liability Company (LLC) only meet the authorized capital. LLC is practically no different from CJSC. The only difference is that CJSC can issue shares. For most small enterprises, the status of LLC is quite suitable. CJSC registers companies in which big plans in business.
