Complexity of creation and management. Organizing and managing an LLC requires more time, effort and resources than other forms of entrepreneurship, such as self-employment or individual entrepreneurship.
More administrative work. LLCs must comply with more complex legal and accounting requirements, including record keeping, reporting, and tax compliance.
More financial costs. Establishing and managing an LLC may require south korea telegram number database additional financial costs for registration, legal services, office rent, and other expenses.
Limited flexibility. LLCs are usually subject to stricter rules and restrictions than other forms of business, which can slow down a blogger's ability to adapt to changes in the market.
LLCs are required to pay other taxes, such as insurance, which can lead to high expenses compared to other forms of business.
Selecting OKVED code
OKVED is an all-Russian classifier of types of economic activity. It is needed to facilitate the collection and analysis of data on economic activity in the country, as well as to ensure a unified approach to organizing statistical and tax reporting. Therefore, a blogger needs to select the main and additional codes.
If a blogger maintains an account on social networks and is engaged in content creation, the following OKVED codes are suitable as the main ones:
activities in the field of information technology: code 62.02;
activities in the field of advertising and marketing: code 73.1;
activities related to the creation and maintenance of Internet sites: code 62.01.
High tax liabilities. In addition to income tax
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