A
A
and7ey2014-06-23 18:54:30
Individual entrepreneur
and7ey, 2014-06-23 18:54:30

How to withdraw IP money?

Do I understand correctly that an individual entrepreneur, unlike an LLC, can withdraw money from his account freely? That is, let's say I received 50 tr from a partner for some service. (amount - for example). In the case of an individual entrepreneur, I simply withdraw it from the current account and spend it as I want. In the case of an LLC, should it be some specific type of payment (salary, dividends, purchase of fixed assets, etc.)?
Or is it not?

Answer the question

In order to leave comments, you need to log in

3 answer(s)
O
OvLab, 2014-06-23
@OvLab

Yes, all the money listed by the IP is originally his and he can dispose of it as he wants. The other side - in which case, the IP is responsible for everything that is in its ownership, and the LLC - only with the authorized capital.

P
Puma Thailand, 2014-06-23
@opium

Do not forget that they must first pay more taxes

A
Alexander, 2014-06-30
@Survtur

Yes, withdrawing money from an LLC will not work just like that. But the LLC can also spend money as it pleases (true on behalf of the LLC). That is, you can buy a computer (it will not be yours, but branded). You can have a car. Food can be bought at METRO. Here with an apartment, perhaps, it will not be so simple.
But in an LLC, it is better to spend money on yourself from the profits. And it is not always possible to include these expenses in the "expenses".
IP, especially at 6% simplified, in this regard, is flatter. All money is yours. You just transfer from the account to the card account as "income of an individual entrepreneur" and that's it.

Didn't find what you were looking for?

Ask your question

Ask a Question

731 491 924 answers to any question