When opening a business, an entrepreneur takes on a great responsibility, because he will have to go his thorny path of entrepreneurial activity. Oddly enough, first, you will need to decide on the choice of the organizational and legal form of his business.
Forms of business organization are schemes by which entrepreneurs conduct business, cooperate with partners, and promote their goods and services on the market. They are legally fixed and are referred to as organizational and legal forms of entrepreneurship. Having an idea of the existing types of organizations, you will become better versed in the world of Ukrainian business and will be able to choose the appropriate form for your company.
The legislator offers a sufficient number of options. You can choose a private enterprise, LLC, ODO, or PAO. All these forms differ in the goals of creation, responsibility for obligations, opportunities to attract investment, and many others.
If you have not decided which form of ownership to choose for opening your company, GT Invest will inform you about all possible options and help you choose one of them.
The company carries out the registration of enterprises on the territory of Ukraine, the opening of enterprises with foreign investments.
Our specialists have extensive experience and deep knowledge of the nuances that relate to the establishment of enterprises in the territory of Ukraine. All this allows our clients to effectively start their activities and avoid possible problems with registration authorities, correctly determine the tax policy.
As mentioned above, all forms of organization are inherently unique, but they differ in status, the number of people starting a business, and responsibility for their decisions.
So, let's analyze the first form of business organization. ODO or otherwise stands for a company with additional responsibility. As a rule, this form is created for a specific business project, where the registration cost is $200. In such an enterprise, all the founders, who can act as individuals and legal entities, are responsible. The charter of this registration form states that the organizers are responsible for their obligations both with the authorized fund and with their property.
Another form of registration is PAO, which stands for public joint-stock company. In such an organization, the number of shareholders is unlimited, and decisions are made by a majority of those present at the shareholders' meeting.
Private enterprise is the abbreviation of PE. What is the kind of form? This form of business organization operates based on the private property of one or more individuals or legal entities with or without the use of hired labor.
However, do not confuse the abbreviation of the PE – a private enterprise and a private entrepreneur. There are differences between them and they are quite significant!
As mentioned above, all forms of organization are inherently unique, but they differ in status, the number of people starting a business, and responsibility for their decisions.
So, let's analyze the first form of business organization. ODO or otherwise stands for a company with additional responsibility. As a rule, this form is created for a specific business project, where the registration cost is $200. In such an enterprise, all the founders, who can act as individuals and legal entities, are responsible. The charter of this registration form states that the organizers are responsible for their obligations both with the authorized fund and with their property.
Another form of registration is PAO, which stands for public joint-stock company. In such an organization, the number of shareholders is unlimited, and decisions are made by a majority of those present at the shareholders' meeting.
Private enterprise is the abbreviation of PE. What is the kind of form? This form of business organization operates based on the private property of one or more individuals or legal entities with or without the use of hired labor.
However, do not confuse the abbreviation of the PE – a private enterprise and a private entrepreneur. There are differences between them and they are quite significant!
A private entrepreneur acts and bears all the obligations independently, when in a private enterprise, on the contrary, there are several founders at once. Secondly, a private entrepreneur is responsible for his obligations with his property and even personal, while the enterprise is only within the framework of the authorized fund of the enterprise.
And now let's talk about the most common form of registration on the territory of Ukraine – LLC. In an open limited liability company, the authorized capital is prescribed in the constituent documents. The Company is liable for its obligations exclusively with its property, which is on the balance sheet of the company. Why most entrepreneurs choose this form is because of a democratic and transparent enterprise management system.
Of course, there are a lot of questions about which form of registration is suitable for a particular entrepreneur. In order not to get lost and make the right choice, trust the specialists of GT Invest. Our highly qualified specialists will provide you with a complete picture of each organizational and legal form, will draw up an approximate scheme of tax payments for you, and will be able to see for yourself the pros and cons of various systems to choose the optimal one for your business.
Investing is sometimes difficult, but at the same time an exciting and profitable type of earnings. The main thing is to choose the direction that best suits your interests and the size of your capital. Objectively assessing the pros and cons, you can ensure a stable profit. Therefore, invest money in what you understand, open and start your project in Ukraine.
