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Carrying out entrepreneurial activity, regardless of the form - as an LLC or an individual entrepreneur, its subjects can open current accounts with a credit institution. The legislation does not provide for a direct obligation for an enterprise and an entrepreneur. However, it would be more rational and convenient to use non-cash payments, especially since various banking projects can be attached to them. What documents do you need to open a checking account?

Is it possible to conduct IP without a current account

In accordance with the legislation of the Russian Federation, an entrepreneur can work without a current account.

But at the same time, he must comply with a number of conditions, the main of which is compliance with the limit of cash payments between legal entities. It is equal to 100,000 rubles. The legislation in this matter equates individual entrepreneurs with enterprises and organizations.

That is, if the entrepreneur for his finished products(goods, works, services) intends to receive amounts or pay with suppliers and customers in excess of this amount, then he is obliged to choose a bank and open an account in it for settlements.

The norms of the law allow individual entrepreneurs to transfer taxes and insurance premiums in cash through the respective banks. Therefore, a current account for an individual entrepreneur is basically optional, but it will be much more convenient for an entrepreneur to carry out his activities with it.

Life hack! However, restrictions on the circulation of cash between legal entities are considered within the framework of one agreement, so if you have exceeded 100 thousand rubles under one agreement, you can conclude a new agreement. On the one hand, this brings certain inconveniences, but it is possible to circumvent the restrictions.

Is it possible to run an LLC without a checking account?

LLC can operate without a checking account. The law does not allow them to do so. However, cash transactions in enterprises are more controlled by the competent authorities than in entrepreneurs.

In addition to the settlement limit between legal entities, there is a cash balance limit on hand (it is optional for individual entrepreneurs), as well as a strictly established list of expenses that an organization can pay in cash. If the company will actually implement economic activity She just needs to open a checking account. This also applies to the transfer of taxes and fees.

By general rule they must be made non-cash, and at the bank, if a non-natural person is indicated on the receipt, it simply will not be accepted. In some regions, the IFTS allows such payments to be made on behalf of the director of the organization, but very often these transfers end up either on unexplained accounts or on his personal account, which leads to controversial situations. In this case, the company may be charged penalties for late payment.

In addition, legislators periodically raise the issue that companies should transfer the salaries of employees to their cards. As soon as these projects are accepted, a checking account with the firm will become mandatory.

Can an individual entrepreneur use his personal account

Now many people have their own current personal bank accounts. This also applies to IP. Very often the question began to be raised about the possibility of using the account of an individual in the implementation of entrepreneurial activity.

The norms of the Civil Code of the Russian Federation do not distinguish between a citizen and individual entrepreneur, therefore, there is no direct ban on making payments through his personal account.

The problem arises with the bank itself, because it has various contracts, tariffs, etc. for individuals and individual entrepreneurs. The incoming payment will arrive without problems, but most likely it will not work to make a transfer. It will not be missed by an employee of a credit institution.

How to open a bank account

Having chosen a bank, you need to ask him for a list of documents provided for this procedure, as well as how to issue them. At the same time, future customers are given applications and contracts to fill out. As a rule, this package is standard, it differs for .

It is necessary to submit both originals and certified copies of them (by a notary or in the institution itself). Some banks also ask you to fill out forms according to their forms with customer questionnaires and letters about beneficiaries.

Documents for opening a current account LLC

• Application for opening an account;
• Bank agreement;
• Company registration certificate ();
• Certificate of tax registration (TIN) (no longer required to present - changes from September 1, 2016);
• company charter;
• Protocol (decision) on the establishment of the company;
• Minutes (decision) on the appointment of the director;
• Extract from the Unified State Register of Legal Entities with a registration date of not more than 1 month;
• Director's passport (if a second signature is issued - the chief accountant);
• Card with sample signatures of the director (and chief accountant) and a seal.

Documents for opening an IP current account

• Application for opening an account;
• Bank agreement;
• Certificate of registration as an individual entrepreneur ()
• The passport;
• Certificate of tax registration (TIN);
• Letter from Rosstat on registration and assignment of statistical codes;
• Licenses (if there is such a type of activity);
• Card with sample signatures of an entrepreneur and a stamp

Currently, it is not necessary to notify the regulatory authorities about the opening of current accounts.

How to choose a bank

Businesses need to take this issue seriously. It is advisable to first know the entire liver of credit institutions providing settlement services in the region. After that, call or through the websites of banks to get information about the services provided, additional services, working hours and current tariffs. When making a decision, the location of the institution should also be taken into account.

If the organization works with regular partners, it makes sense to find out their servicing banks. Settlement accounts in one institution allow you to interact more effectively with each other and make payments quickly. The main thing when choosing a credit institution is to find out its business reputation and full information about its activities, which can be viewed on the website of the Central Bank of the Russian Federation.

You should also make sure that the bank is included in the deposit insurance system. At this moment, the IP appears in a more favorable light, since in the event of bankruptcy of a credit institution, an entrepreneur, as an individual, can receive insurance compensation in the amount of 700 thousand rubles, including interest. For an LLC, it is somewhat different - the organization will be included in the general list of debtors and the settlement will be carried out after the sale of the property, so you may not see the money.

How to close a checking account

Let us consider in more detail how to close an account in a bank of IP and LLC.

Such a decision is made by business entities if they have opened accounts in other banks on more favorable terms, and do not use the old account. However, most often they are closed due to the cessation of activities. At the same time, it is necessary to take into account the fact that the account is closed only after the repayment of debts to all creditors.

The procedure for closing a current account for an LLC and an individual entrepreneur is no different from each other. It involves filling out an application for closing in the form established by a particular bank. This document is submitted authorized person who has the right to sign.

Before sending a document on closing an account, it must be reset by transferring money to other accounts or cashed out. Banks, in accordance with the concluded agreement, have the right to close accounts themselves in the event of a prolonged absence of operations on them.

When closing an account tax authorities, as it was before, notification is not required.

Open for business payments: with partners, buyers, customers, for paying taxes and contributions. You probably know that the money of an individual entrepreneur is not divided into personal and those received from the business. Can an individual entrepreneur work without a current account, because he is an individual and distributes his income as he sees fit?

If we talk about laws, then nowhere is it directly stated that an individual entrepreneur must open a current account. But at the same time in legal acts(orders, resolutions, instructions, regulations) contain norms that make it difficult for an individual entrepreneur to work without a current account. For example, cash settlements between commercial entities under one contract should not exceed 100,000 rubles.

Suppose you have entered into an agreement with a counterparty for the supply of goods in batches. Each batch costs less than the established cash limit. Do you need a checking account for this? Yes, if total amount payments under the contract will exceed 100,000 rubles. For example, it can be two lots of 58,000 rubles each, then the total transaction amount under one contract will be 116,000 rubles, which is above the limit.

For violation of the cash limit, a fine is imposed under Article 15.1 of the Code of Administrative Offenses of the Russian Federation. For an individual entrepreneur, the fine is not very large (from 4 to 5 thousand rubles), but for his partner, a legal entity, the sanction is 10 times more (from 40 to 50 thousand rubles). Accordingly, if the amount of the contract exceeds the cash limit, the supplier is unlikely to take the risk and insist on payment by bank transfer.

Why working without a checking account limits your business

So, as we have already said, it is possible to operate without a current account, but you need to make sure that the rejection of non-cash payments does not limit the development of your business. What are the possible downsides here?

1. Limitation of types of payment for buyers and clients. If your offline customers can only pay with cash, then you may be losing about 20% of your revenue. Why is that? The fact is that in 2019 every third purchase is paid for by a card, and according to banks' forecasts, by 2020 the share of cash and non-cash payments will equalize.

Card payments are becoming widespread, and not only because workers and pensioners are increasingly receiving money on their personal card. Do not forget about the full-scale distribution credit cards. A buyer who currently has no free cash and would like to buy your product or service, but cannot pay for it. And if you accepted credit cards, then the sale could take place. Card payments go through payment systems and acquiring banks, so an individual entrepreneur without a current account simply will not be able to connect the acquiring service.

If we talk about online payments, for example, with electronic money, from the balance of the phone, through the terminal and others, then there is simply no possibility for cash payments. Here you can also add cash on delivery through the Russian Post. In order not to stand in queues because of each transfer received for your goods, it is much more convenient to accept such payments to the current account under an agreement with the Post.

2. Cfalsity in settlements with partners. Even if the amounts of your transactions with counterparties do not exceed 100,000 rubles, cash settlements may be inconvenient for both you and the other party. Moreover, due to the peculiarities of accounting, some partners require transfers from account to account, and not from an individual's card.

3. Lack of access to grants, tenders, competitions, purchases. In such situations, an individual entrepreneur without a current account is obviously limited, most often, he will not even be able to submit an application.

If we convinced you of the benefits of non-cash payments, then the next question arises - do you need a current account for an entrepreneur who has a card individual Or a current bank account? Why not accept payment from a buyer or client directly to your card, because it is very convenient?

Risks of using a personal account or card in business

In fact, in the question of whether an individual entrepreneur can work without a current account and accept payment on his card, there are many implicit and risky nuances. On the one hand, all the money of an individual entrepreneur, including those earned in business, is his property. What difference does it make then, to which account non-cash payments will be received from the buyer - to a settlement account or to a personal one?

But on the other hand, there is an instruction of the Central Bank No. 153-I, which prohibits transactions related to entrepreneurial activity on a current account. If you think that the instruction of the Central Bank is not a law, and it can be violated, then we recommend that you familiarize yourself with the risks of using a personal account for an individual entrepreneur in business.

1. Constant cash receipts to your current account or an individual's card make the bank suspicious. You may be asked to explain the source of income, and if the explanations are unconvincing, then transactions on the account will be blocked.
2. When conducting a tax audit, the inspector may consider that income received into a personal account is not related to entrepreneurial activity, therefore they are taxed at a rate of 13%. If the entrepreneur at the same time works on a preferential regime, where the rate is lower, then the absence of a current account increases his tax burden.
3. If the IP provides services commercial entities, then the customer can simply refuse to transfer payment to a personal account, and not to a settlement account. The fact is that the tax inspectorate considers payments to the card as confirmation of not entrepreneurial, but civil law relations. That is, it can be recognized that the contractor provided services not in the status of an individual entrepreneur, but as an ordinary individual. In this case, the customer is obliged to pay insurance premiums for the contractor, as well as withhold personal income tax from the remuneration and transfer it to the budget.
4. For entrepreneurs working on the tax regimes OSNO, STS Income minus expenses, ESHN it will be difficult to prove the appropriateness of the expenses paid from a personal account. Accordingly, the tax base from which the tax is calculated will be larger.

Why Entrepreneurs Don't Want to Open a Current Account

There are two main reasons why individual entrepreneurs are in no hurry to open a current account:

1. Transparency of account transactions.
2. The need to pay for settlement and cash services.

If we talk about the control of taxpayers' income, then in Russia, as in many other countries, it is becoming ubiquitous. When conducting an audit of the activities of an individual entrepreneur, the tax inspectorate will still receive information from the bank about all the accounts of the entrepreneur, including personal ones. Well, the banks themselves are also actively holding events financial control as part of the fight against the financing of terrorism and the receipt of illegal income.

In addition, the refusal to open any bank accounts will not prevent the tax authorities from receiving information about the income of individual entrepreneurs through online cash desks. Since mid-2018, the use of cash registers has become mandatory for almost all sellers (except for individual entrepreneurs on PSN and UTII, who trade independently and received a deferment for another year). And from July 1, 2019, cash desks or automatic devices for issuing BSO must also be installed by those who provide services to the population.

Thus, the bulk of the revenue for goods and services will very soon be fully controlled by the tax authorities, regardless of the type of payment (cash, card, electronic money, online payments, etc.).

As for the cost of opening and maintaining a current account, banks are actively attracting small businesses, even if their turnover is very small. The average cost of settlement and cash services for an individual entrepreneur in a large well-known bank does not exceed 1,000-1,500 rubles per month, and opening an account is often free of charge.

In addition to banking services, customers are often offered bonuses from partners or additional free options, such as automatic preparation and filing of tax returns. And given that individual entrepreneurs, as individuals, fall under the deposit insurance program, transactions with amounts up to 1.4 million rubles are absolutely safe. Even if the bank's license is revoked, the Deposit Insurance Agency will fully return the money within this amount.

Individual entrepreneurs often ask the question of whether an individual entrepreneur’s current account is needed for UTII or the general tax payment system. By and large, everything is determined by the specifics of the business of an individual entrepreneur. It is mandatory when purchasing goods from companies operating by bank transfer, selling goods and providing services to legal entities that do not have the right or desire to pay for services in cash, it is also mandatory to make non-cash payments with an agreement amount of 100,000 rubles. In addition, if you are engaged in activities that do not provide for the payment of a single imputed tax, you plan to acquire and register cash register, then work through a current account will cause much fewer questions from regulatory authorities.

We will also point out the convenience that the presence of a current account gives, because with the help of an Internet bank and a current account of an individual entrepreneur on UTII, you can easily pay for a purchase at a company located on the other side of the country or even the world (if you plan to import). A bank account is very convenient for paying taxes and all kinds of fees. In addition, you save your time and money, because you do not need to stand in line at the bank, paying commissions for transfers, and you do not need to spend money on cashing out.

Money in the current account of the IP. Features of use

The settlement account of an individual entrepreneur is not fundamentally different from any other legal entity. That is why the money current account IP can be used to conduct business, pay taxes, conduct export-import operations and other purposes. At the same time, banks specifically optimize offers for individual entrepreneurs, offering special options specifically for entrepreneurs who do not need a large number of payments.

Documents for the current account of IP

In order to open a current account for individual entrepreneurs, you need to provide a package of documents to the bank branch:

• Certificate of registration as an individual entrepreneur;
• general passport;
• extract from USRIP;
• notice of registration with the tax authorities;
• a letter from Rosstat with codes;
• a card with a personal signature, which is certified by a notary.

In various banking institutions, the specific list of documents for the current account of an individual entrepreneur may differ slightly. so, for example, you can often certify a card with a personal signature on the spot, which is convenient and saves time.

Notification of individual entrepreneurs about opening accounts

In accordance with applicable law, it is mandatory to notify the individual entrepreneur about opening accounts. Relevant papers must be sent to the tax office, budget funds, where regular transfers are made Money. For non-compliance this requirement administrative responsibility.

How to choose a bank for IP?

Several hundred banks operate in Russia, so the choice of an individual entrepreneur is great. When considering how to choose a bank for an individual entrepreneur, pay attention to the following points:

• service convenience.
• tariff policy.
• bank reliability.

Service convenience means having a bank branch close to your home, a regular route or a place of direct work.

Settlement account for IP. Tariffs

The tariff policy of banks is very different, and you can choose the best option for each individual entrepreneur, regardless of the specifics of his work. In the general case, for an individual entrepreneur's current account, the tariffs include a subscription fee and additional payments for services. First of all, focus on the number of payment orders and fees for cash withdrawals. These are the most relevant services for an ordinary individual entrepreneur, which take the lion's share of the costs of banking services. In addition, pay attention to the following points:

• the presence or absence of a commission for withdrawing funds on the day of their arrival;
• availability and cost of Internet banking, as well as ease of use;
• efficiency of payments;
• the duration of the banking day (sometimes 15 extra minutes are very important).

Maintenance of a current account for individual entrepreneurs. What does it include?

Traditionally, servicing a current account for individual entrepreneurs includes the following services:

• connection and acceptance of payment orders through the Internet bank;
• the possibility of withdrawing funds on preferential terms;
• issuance of a plastic card on preferential terms;
• acceptance of payment orders on paper and so on.

How to open a current account for an individual entrepreneur in a reliable bank?

The criterion of reliability of the bank where the current account will be opened by an individual entrepreneur is no less important than the tariffs. The reason is in the peculiarities of the legislation, since if a credit institution becomes bankrupt (the Central Bank has been actively withdrawing licenses in recent years), then your money will freeze and it will be almost impossible to return it. The latter is due to the fact that the requirements of individuals, state bodies are first satisfied and often the property is not enough for this, therefore legal entities and individual entrepreneurs are left with nothing, so it is important to open a current account for individual entrepreneurs in a stable bank.

It is quite difficult to assess the reliability of the bank, since licenses were also revoked from fairly large institutions. Among the indirect factors, we point out the following points:

• high positions in bank specialized ratings;
• having a large share state property or joining major global banking groups;
• lack of an aggressive policy in the deposit market.

How to withdraw cash from the IP current account?

You need to understand that the current account of an individual entrepreneur is not an ordinary current account of a private person, from which you can withdraw funds at any time using an ATM or by contacting a bank cashier with a passport. In order to withdraw cash from the current account of an individual entrepreneur, you must first issue a checkbook or a plastic card of an individual.

In the first case, it is enough to fill out the next check form and contact the bank branch. If you have an additional plastic card of an individual, then in the Internet bank you draw up a corresponding electronic payment order and transfer funds to a card account (you can issue such an order in paper form). Only after that, the money on the current account of the individual entrepreneur will be credited to your plastic card, and you will be able to pay with it in a store or withdraw cash from an ATM.

The procedure for closing a settlement account (settlement account)

Sometimes an individual entrepreneur needs to close a bank account. This is most often associated with the completion of activities as an entrepreneur, the desire to move to another institution for service. In some cases, closing an account may be initiated by the bank, but is usually associated with the illegal activities of the individual entrepreneur and the bank does not do this on its own initiative, because it is easier for it to take a small subscription fee every month even from an account on which there are no cash flows.

The closing procedure usually looks like this:

• the banking institution is notified of the closure of the account;
• all commissions and payments are paid;
• the balance of funds is withdrawn;
• an application for closing a current account is submitted;
• the bank issues a notice of closing the current account.

After that, it is necessary to notify the tax authorities, pension and insurance funds of the closure. If you switch to another bank, then be sure to notify counterparties of this so that they do not accidentally send funds to the old current account.

Do I need to open a current account if you registered as an individual entrepreneur? In 2017, the law does not oblige small businesses to open a current account.

However, there are nuances in this matter. For example, if the amount of settlements under one contract is more than 100,000 rubles, you will have to make non-cash payments.

So is it possible to conduct business without a current account of an individual entrepreneur and how to do it correctly? You will find out the answer to this question from our article.

Can an individual entrepreneur work without a current account

Normative acts do not prohibit entrepreneurs from running their business without opening a current account. If the activity, for example, is related to trading in the market, then keeping an account will generally be unprofitable: you will have to spend a lot of time traveling to the bank.

Also, IP on a patent that provides services to the public, in most cases, accept cash from customers, which in itself does not imply opening a current account. If the entrepreneur works with other counterparties, concludes official agreements, then as soon as the amount for the latter exceeds 100,000 rubles, he will have to open a bank account. This is a legal requirement.

For example, if an individual entrepreneur on UTII signed an agreement on the lease of premises, and the amount of the service is 25,000 rubles per month, then after 4 months the cost under the contract will be 100,000 rubles. Therefore, from the 5th month it will be necessary to open a current account, if this has not been done before.

IP on the simplified tax system with a rate of 15% is better to immediately open a bank account. Because this species taxation depends on the expenses incurred by the entrepreneur, it would be better if they are reflected in the current account. Then the tax will not have questions for you, and you will not overpay.

Settlements with individual entrepreneurs are best done using a current account and other taxation systems. A bank account expands business opportunities. Many counterparties refuse to cooperate with individual entrepreneurs who do not have an account. Also, you do not have to worry about your money: they are under the protection of the bank, moreover, they are insured for up to 1,400,000 rubles.

The activities of individual entrepreneurs will be much easier if the payments are made by bank transfer. With the service personal account, which are offered by almost all banks, you can pay taxes, make payments to off-budget funds and business partners in a few minutes from your own office or even from home. And that saves valuable time.

So do you need an IP account? If you want to develop your business, establish contacts with new counterparties and are going to conclude contracts for large amounts, then the answer is definitely “yes”.

Cons of working without opening a bank account

Of course, you can work without a checking account, but in this case you may encounter inconvenience. They are associated with the following nuances reflected in the table.

Choose a profitable bank

Can I use a regular personal debit card?

Some entrepreneurs believe that it is possible to make payments using a personal account opened for an individual.

Regulatory acts prohibit the use of a personal account for conducting commercial settlements. For individuals there are separate accounts, for individual entrepreneurs - others. Therefore, the acquisition of the status of an entrepreneur deprives you of the opportunity to use a personal account. This follows from the Decrees of the Central Bank of the Russian Federation.

However, novice entrepreneurs still in some cases make payments through personal accounts. If the bank is interested in such an operation (especially if there were a lot of them), then your account maintenance may be suspended. In this case, you will need to provide documents proving the source of funds. And since your funds are a product of the business, the account will be closed. Sometimes re-opening an account with another bank can be problematic, as banks transfer information about such clients among themselves.

Do I need a checking account to open a sole proprietorship?

To register an individual entrepreneur, you will need to provide a list of documents to the tax authority. However, the list of securities does not contain a certificate of opening an account. This means that the procedure for registering an individual entrepreneur does not require opening an account.

You can first formalize your business, then work for some time without a current account (if the specifics of the activity allow). After that, you can get an account.

The main thing you need to know: an account is opened only after registering an individual entrepreneur, not earlier. When you receive tax documents in your hands, indicating your new status, then you can go to the bank.

By the way, after registering an account, you do not have to notify the tax authority and extra-budgetary funds about this. This obligation has been transferred to banks, and therefore, after opening an account, you can safely start using it.

Favorable rates of banks

How to pay taxes without a checking account

If you have not yet opened a bank account or do not plan to do so, then a logical question arises about paying taxes. Unlike LLC, the requirements for individual entrepreneurs in this matter are much softer.

In the absence of a current account, you have the right to pay the fees in cash or from the personal account of an individual. This is especially true when the turnover of your business is still small, and the profit does not make it possible to make mandatory payments. In this case, you can pay taxes from your own funds.

It is important to indicate here that you pay payments specifically for individual entrepreneurs, so that there are as few questions from the tax to you as possible. To pay taxes, you will need to take a form with details in tax service, fill it out and submit it to any bank providing transfer services. The operator may charge a commission for the transaction.

Having a checking account makes this task much easier. You can transfer funds directly from your account, without waiting in queues. To do this, just connect to Internet banking and create a payment template. The system will automatically generate a payment order each time according to the previously entered parameters.

Question: Do I need to open a current account for an individual entrepreneur? Relevant for all those who conduct official activities. There is no legal obligation for entrepreneurs. However, running a full-fledged business without opening a bank account is often difficult. Consider why an individual entrepreneur needs to open a current account and is it possible to confine oneself to a personal one?

Is it necessary to open a bank account for a sole trader?

To understand whether an individual entrepreneur needs to open a current account, one should refer to the norms of the current legislation of the Russian Federation. In stat. 861 of the Civil Code, it is determined that cash settlements with the participation of entrepreneurs can be carried out both in cash and non-cash (by opening accounts). The following restrictions apply to cash transactions:

• The maximum amount of settlements is 100,000 rubles. under one transaction-agreement (Decree of the Bank of the Russian Federation No. 1843-U dated 06.20.07).
• Purposes of spending cash proceeds - solely on the grounds of paragraph 2 of the Directive (salary, economic needs, sums insured, business trips, etc.).
• The obligation to calculate and approve the cash limit (clause 1.3 of Regulation No. 373-P dated 12.10.01).

Thus, it turns out that, subject to the established limit on cash transactions of 100,000 rubles. a current account of an individual entrepreneur may not be opened. Neither at the time of registering the status of entrepreneurship, nor at the time of completion of work government bodies represented by the IFTS, statistics and social funds It is not entitled to require the individual entrepreneur to have a bank account.

And what about the expediency of conducting cash payments? After all, an entrepreneur will have to conclude transactions with other legal entities / individual entrepreneurs, pay salaries, pay for various services and works, keep funds, transfer taxes and fees, and if retail accept plastic cards from buyers. And here the issue of trust has not yet been touched upon, the level of which on the part of reputable partners increases "many times" in the presence of a bank account.

It turns out that after all, a current account is more a necessity than a whim. How is the opening process carried out?

List of required documents:

• Identification document of an individual - usually a passport is presented.
• Signature card f. 0401026 (samples are notarized).
• Certificates of TIN and IP registration.
• Permits- licenses, patents, etc.
• Extract from the Unified Register.

Other documents according to Instruction No. 153-I dated 05/30/14

Note! The obligation to notify the IFTS, PFR and FSS of the fact of opening or closing accounts, including personal ones, for individual entrepreneurs has been canceled (Law No. 52-FZ of 04/02/14).

Entrepreneur's current account - how to choose a bank

Before entering into an agreement with financial institution, check out the reliability ratings. Then evaluate the territorial location of the bank, calculate the annual amount of service. If all the parameters at the first consideration suit you, it would be useful to make a personal visit to get acquainted with the services offered by the bank for small businesses, clarify the cost of cash settlement and the timing of transactions. Many banks today have developed software by the type of "Client-Bank", the presence of which significantly increases the efficiency and security of settlements.

What financial factors should be considered:

• The cost of opening an account and subsequent maintenance (by type of operation).
• The amount of commission for cash withdrawal.
• Availability and size of subscription fee.
• Internet banking fees.
• Salary projects and tariffs.
• Terms of loans for MB, including overdrafts for individual entrepreneurs.
• Operating day length.
• Availability of various electronic services.
• Location of terminals and ATMs.

Refusal to open a bank account

As a rule, entrepreneurs do not have problems with opening accounts. However, in some cases, a citizen may receive a justified refusal. The reason is the incorrect filling of the documentation, the execution of overdue forms, the submission of an incomplete set of forms. If an individual believes that the refusal was made without good reason, it is recommended to request an explanation in writing from the bank for further appeal to the judicial authorities.

How can an individual entrepreneur invoice an LLC?

Mutual settlements between an LLC and an individual entrepreneur must be carried out in compliance with the accepted legal regulations. At the same time, although entrepreneurs have the right to keep simplified accounting and are not required to draw up most forms provided for legal entities, in relation to transactions with counterparties, it is recommended to adhere to general rules. In particular, it is desirable to conclude in writing contracts for the sale of products, as well as the provision various works. In order to obtain the basis for the transfer of funds, an invoice is issued for payment.

The document is issued for payment by the IP buyer of the full or partial amount for any services or goods. In the second case we are talking about an advance, that is, an advance payment. If the conditions specified in the contract change, the invoice for payment must also be reissued. Account details include:

• Name of the parties to the contract (seller-IP and buyer).
• Invoice number and date.
• Full details of the entrepreneur - information must be specified correctly in order to ensure the prompt transfer of funds to the destination.
• A list of goods or services sold - indicating the names, quantities, relevant units of measurement, unit price and total cost. The amount of VAT is allocated if the situation provides for the calculation of tax.
• Payment terms - if any.

The entrepreneur himself signs the document, the seal is affixed at will. If an individual entrepreneur is not a VAT payer, for example, due to the use of special modes, an entry “Without VAT” is made on the account.

Personal account of an individual entrepreneur - consequences of use

Often, a businessman, in addition to a bank account, has a regular current account registered in the name of a citizen. Can this account be used for business purposes? After all, according to paragraph 2 of Art. 11 Settlement accounts include any accounts opened with banks on the terms of an agreement. However, Instruction 28-I of September 14, 2006, namely the provisions of clause 2.2, obliges individuals to open accounts in order to carry out those operations that are in no way related to entrepreneurship.

On the basis of clause 2.3 of the Instruction for doing business by legal entities and individual entrepreneurs, current accounts are opened with the provision of the relevant registration documents to the servicing bank. Consequently, entrepreneurs cannot use a personal account in the financial and economic activities of a business, as this is a violation of legal requirements. However, the tax authorities allow such operations, but with the obligatory condition of informing the IFTS about the use of an individual's account (Letter No. ED-3-3 / [email protected] from 06.03.13). There are currently no penalties for misuse of a personal account.