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Before starting a business, you need to choose a legal form. What is the difference between a sole proprietorship and an LLC? In what form is it better to conduct business? Do businessmen always have a choice? Let’s find out.

00:51 How many people are involved in organizing a business?
02:26 Is there such a choice in all areas of activity?
02:53 Which is easier to register: LLC or IP?
03:35 What is the responsibility of LLC and IP to the creditors?
04:53 Which is better in terms of accounting?
05:45 In what form is it better to conduct business: IP or LLC?

These questions were answered by Ksenia Yasnova, a public relations specialist at the company "RosCo - Consulting and Audit".

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