Elimination of IP and what you need to know about it

It's not always possible to be on a horse. Life is full of surprises, so you need to think not only about the ways of the offensive, but also the withdrawal.

Every day, individual entrepreneurs are becoming more and more. However, this does not mean that there are few people who for one reason or another have lost this status. There are not so few reasons why a person ceases to be an IP:

- it is entirely possible that the cause of the liquidation was his own desire;

- for reasons, the death of PIs also applies;

- in case the court has forbidden this person to engage in business;

- the status of the IP can be lost in connection with the cancellation of documents that gave the right to this individual to reside on the territory of the Russian Federation.

A lot of individuals had to go through such a procedure. And someone more than once. Ordinary liquidation is not a particularly complicated procedure. Closure of IP with tax debts can cause much more trouble. Often, people turn to the firms for help in this matter, who are always ready to do everything quickly and at the highest quality for a very reasonable fee. This means that even a beginning and prosperous entrepreneur would not be uncomfortable to know how much it costs to close the IP.

It is not recommended to be an IP and not engage in any entrepreneurial activity. This is due to the fact that you still have to constantly submit reports to the tax. Other problems may occur.

What is the liquidation of an IP

This is nothing more than the cessation of the activities of the IP, under which no transfer of any rights or obligations in the succession to other persons occurs. Undoubtedly, the elimination of IP brings the person back to the most ordinary life. This is only if there are no outstanding debts or anything else behind it.

Of course, the easiest way is to liquidate the IP, when the entrepreneur himself decides to abandon this status. In this case, he will have to apply to the agency with a statement. There he will be asked to receive a receipt, which indicates the payment of the state fee. If the liquidation of an IP occurs before the end of the tax period, it will be necessary to appear in the tax inspection within 5 days after the termination of the activity with a declaration containing information on what revenues were received in the given period.

Close IP can not and without removing from accounting in all possible off-budget funds. The following funds are in mind:

- compulsory medical insurance;

- Pension;

- social insurance.

As a matter of fact, for the liquidation of an IP it is quite enough simply to present to the registering authority a receipt, which was already written above, and a statement (Form No. P26001), and all the rest must be done only so that in the future there will not be any kind of trouble.

IP and debts

Not every businessman can boast that he has no debts. Elimination of IP does not mean the elimination of all existing debts. An individual who has lost the status of a PI becomes the most ordinary citizen. This citizen also will have to answer all debts. It is not excluded that you will have to answer your own property. Attempts to ignore requests to pay off the bills, as a rule, do not lead to anything good, since the case can immediately appear in court.

Some try to pay off their debts through the bankruptcy of the IP. The point here is that in this scenario the former IP will lose its property, but no one will be able to encroach on the property that it will acquire in the future. Also, he can safely leave the country at any time, when he wants. However, it should be noted that all this applies only to cases where there are no payments associated with causing any harm to health.