Jobs & Education Career

Sole trader or LLC: which business form to choose

7 October 2026 5.5K 15 Bookmark Share:
Sole trader or LLC: which business form to choose

Taxes, liability and the flat-rate system compared for beginners.

What changed

  • Processing times shortened to 15–20 days.
  • Electronic document submission introduced.
  • New grounds for renewal were added.
  • Financial self-sufficiency checks simplified.

The new rules apply to everyone who filed after the changes took effect, as well as to those with pending procedures.