Doing Business in Bulgaria
The Legal Format
When setting up a new business, you will need to decide what legal format you want to operate under. This is one of the most important decisions you need to take at an early stage. This will determine how you will operate your business in the future.
This decision will have an impact on how much you pay in taxes, it will affect the amount of initial and yearly expenses, paperwork your business is required to do, the personal liability you face and your ability to raise money. The type of business entity you choose will depend on three primary factors: liability, taxation and record-keeping.
To determine what legal format is best, you need first to understand some of the basic differences. Once our toolkit is set up online, you can access more information by logging onto Module 4 - Unit 1
However the legal formats differ between European countries. These links should guide you to further information.
Legal Format Country Links