How to register an individual or LLC and what is the sequence of steps. As we know, one of the ways to engage in entrepreneurial activity is to register a person as an individual entrepreneur. By registering a sole proprietorship, a person gets the opportunity to engage in business activities at his own risk, on his own behalf and with his own funds.
An individual entrepreneur can be any able-bodied person (citizen of RA, foreign citizen or stateless person) whose right to engage in entrepreneurial activity is not limited by law.
One of the advantages of registering a sole proprietorship is that the registration is done with minimal documentary requirements. In this case, the required documents are submitted to the agency of the State Register of Legal Entities of the RA Ministry of Justice. By the way, the necessary documents for registering an LLC are also submitted to this agency. Thus, to register an individual entrepreneur, an individual entrepreneur submits.
.passport (the passport is returned after identification) and a copy,
.document certifying the payment of the state duty, the fee is AMD 3000
If the submitted data is accurate, the registration of the individual is carried out immediately upon submission of the necessary documents.
In order to create an LLC, it is necessary to submit to the State Register of Legal Entities.
an application filled in at the state registration body,
• the decision of the founder (founders) on the establishment of the company or the minutes of the founding meeting of the company. It should contain provisions on the establishment of the company, the composition of participants, the size of the participants' shares, the approval of the company's charter, the formation of the company's executive body. Also a provision that all decisions are taken unanimously
• the decision of the founder (founders) on the creation (establishment) of the company or the minutes of the founding meeting of the company are signed by all the founders of the company
• the charter of a legal entity, approved by the founder (founders) or founding assembly (assembly or other body established by law).
We also remind that, unlike the registration of a private individual, no state fee is charged for the registration of an LLC.
The activities of LLCs are regulated by the RA Law "On Limited Liability Companies", here you can find additional details on the registration of LLCs.
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