Termination of the activity of an individual entrepreneur is regulated by Federal Law No. 129-F3. It is possible to close an emergency with debts, but in any case all the debt will have to be paid. Even if the termination of activities is associated with the death of the entrepreneur.
It is necessary
- - application to the tax office;
- - declaration;
- - application to the court;
- - court statement.
Instructions
Step 1
The start of a business is registered with the tax office. All information is entered into USRIP. On this basis, the entrepreneur must make tax deductions, make payments to the Pension Fund and the social insurance fund.
Step 2
Upon termination of activities, you are obliged to pay off all debts in taxes and fees. Then fill out a tax return and submit an application to terminate your activities.
Step 3
If you are unable to pay off debts in taxes, fees, pay debts to creditors and pay all employees a salary for working at your company, you must file an application to the court to declare you bankrupt.
Step 4
After reviewing your application and checking your financial activities as an individual entrepreneur, the court will issue an order according to which you can pay off all the debt within 1, 2, 3, 5 years. You will simply be given extra time to pay off all your debts.
Step 5
If it is impossible to pay off the debt within the terms specified by the court, your property will be described and sold. If you have nothing, you will be involved in administrative work until all tax and other fees owed are paid off in full.
Step 6
In the event of a debt in connection with the death of an entrepreneur, all available property will be described by bailiffs, they will sell and transfer the proceeds to pay off the debt. If the entrepreneur has heirs left who continued his business, then all responsibility for the repayment of any types of debts will fall on their shoulders.
Step 7
The only option for closing an individual entrepreneur with debts for taxes and other fees is the case if the individual entrepreneur is dead or missing, he has no property, other valuables and heirs.
Step 8
Accordingly, it is possible to terminate your activity as an individual entrepreneur with debts, but at the same time all debts must be paid.
