An individual entrepreneur is allowed to work without opening a current account. But it's hard to work without it. Why do you need a bank account and how to open it - common questions from individual entrepreneurs.
Sole Proprietorship Account: What is it?
Settlement account (r / s) is a special record that is used by a bank or other financial authority to carry out transactions related to the accounting of funds of persons. The data is a display of the amount of money owned by the owner. It is not necessary to open an account for an individual entrepreneur, which is regulated by the legislative framework of the Russian Federation. At the same time, a full-fledged workflow is not possible, since many transactions require an account.
The process of opening a current account is regulated by the regulatory framework. According to the law, it is permissible to have several accounts in one bank. The funds accumulated on them can be in currencies. According to the intended purpose, the opening is permissible at the discretion of the owner. Why it is needed, how to choose a bank and what attention is paid to - is described in more detail below.
Why do you need a bank account
The organization pays for transactions through cash and non-cash payments.
If an account is opened, then the company has the right to the following operations:
- conclusion of civil law contracts with legal entities and individuals;
- carry out transactions for large sums of money;
- send funds to other legal entities at any time;
- conclude contracts with employees and pay them by bank transfer.
An account must be opened if the entrepreneur receives at least 100,000 rubles. under one contract!
If there is no cash register, then you will have to draw up an agreement for each delivery of goods. As a result, it will cost more in terms of cash costs and longer in time. In addition, it is much more convenient to conclude an agreement through banks. Organizations will provide a personal manager who, at any working time, will answer questions about the use of accounts.
Rules for the procedure for opening an account
Opening a current account for an individual entrepreneur is a procedure that does not require much time. To do this, just contact the selected bank.
It should be borne in mind that the process of opening a current account for an individual entrepreneur requires strict and unconditional compliance with the rules, since it is considered a legally significant action.
Certain rules apply to the following:
- form of application to the selected bank;
- collection of necessary documents;
- formation of the contract and its subsequent signing, payment;
- reporting information to the control structures - the tax organization.
Whether or not to open a bank account, each entrepreneur and legal entities decide for themselves. Thanks to the legislation of the Russian Federation, it is allowed to carry out entrepreneurial activity without its presence to an individual, who is essentially an individual entrepreneur. But at the same time, many transactions will not be available, since large retail and other networks operate only by bank transfer through a current account.
Stage of preparation for the opening of the account
There are some nuances, they need to focus special attention:
- Where are ATMs located?
- Is there a bank branch near the organization?
Keep in mind that in the future, for large jobs paid for in cash, you will need constant access to the cash register and ATM.
Contacting a financial institution
When you need a current account for an individual entrepreneur and the question is whether it makes sense to open it, the answer is obvious - yes! Since all major transactions are carried out through the account.
Before visiting the bank, an individual entrepreneur or individual must:
- Pre-examine the service agreement in different financial institutions.
- Clarify information about the value of the current account for individual entrepreneurs.
- Make a choice with the bank providing the product and its program.
- Gather the necessary paperwork.
- Visit the bank and write an application.
You can open an account in the following ways:
- personally visiting the branch of the bank;
- make an online application;
- send a proxy.
The first way is much more convenient. Banks are interested in long-term cooperation not only with individuals, but also with legal entities. Therefore, personal presence is important.
If the individual entrepreneur decides to send a proxy, then you can entrust the work to your official representative. For example, a lawyer.
The online application process is fast. You need to fill out an application on the website of a financial institution and attach copies of documents. After that, an employee will call the entrepreneur and set up a meeting.
Benefits of using a bank account
An individual cannot carry out transactions using large amounts of money. Without an account, he will have to carry finances with him, which is dangerous. Therefore, to answer why and why you need a current account for an individual entrepreneur is simple: to pay and receive large sums of money. In transactions with serious organizations, r / s is also used.
You can save quite a lot of time when paying taxes and fees. These transactions can be carried out online. You don't even need to leave the house.
Is it permissible to use the account of an individual for an entrepreneur
It is impossible to use an account for an individual entrepreneur who belongs to an individual. Since such a current account is personal. What then account can be used for IP? The answer is simple - created by the entrepreneur himself, but impersonal. An option for an individual entrepreneur is to open your account. The registration procedure is simple.
If an entrepreneur does not open an account, then he will not be able to conduct transactions with an amount of more than 100,000 rubles. one counterparty. This will affect the work, profits and further business. Spending some time for the benefit of your organization and opening a checking account is not difficult. This can be done by any individual or legal entity.
The legislative framework
The application of the Central Bank of the Russian Federation, and specifically clauses 1.12, 2.3, 2.5, in combination with article 23 of the profile code, regulate transactions with r / s. Until May 2014, according to regulations, the owner of a company or individual entrepreneur had to inform the Federal Tax Service about the opening of a bank account. If he did not do this, then in accordance with Article 118 of the Tax Code of the Russian Federation, he was threatened with a fine of 5,000 rubles. But since May 2014, this provision has been canceled, and now it is not required to report the opening of a current account.
Tax organizations may require banks to provide information on the balance on the account, an extract on debit transactions.
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