Subjects of entrepreneurial activity. Who is relevant to this concept?

Subjects of entrepreneurial activity, according to the legislation of the Russian Federation, can be both individual citizens and entire commercial companies, while being a legal entity. In addition, business activities in Russia can be carried out by residents of foreign countries, persons without citizenship, as well as enterprises engaged in foreign investment.

Any Russian citizen who has reached the age of majority has the right to own property and dispose of it, at his discretion, create various kinds of organizations and, of course, engage in entrepreneurial activities.

It should be noted that citizens, as subjects of entrepreneurial activity , can engage in entrepreneurship, Not being at the same time, legal entities, and registering simply as private entrepreneurs. The subjects of entrepreneurial activity , irrespective of their status, carry out their activities in accordance with the same legal norms. Citizens who engage in business without forming, at the same time, a legal entity, are called subjects of small business.

The status of the entrepreneur obliges, who received his natural person, to bear full responsibility for his debts to the budget and private creditors. Those citizens who can not, for whatever reason, repay their debts to creditors can be declared bankrupt, on the basis of a relevant court decision. After this procedure, they lose their status as an entrepreneur. Debts to creditors are returned from the property of the person declared bankrupt and are levied to collection in a certain sequence. In the first place, debts are paid, related to causing damage to the health and life of citizens, as well as alimony.

As subjects of entrepreneurial activity, except for individual individuals,   Often commercial companies, all of whose actions are aimed at making a profit from the results of their work. There are following forms of entrepreneurial activity :

1. By types of partnerships: full partnerships and limited partnerships.
2. By types of companies: joint-stock companies, companies with additional responsibilities and limited liability companies. Joint-stock companies can be either open or closed type.

In addition, there are also subsidiaries, which are an extension of the main structure and are dependent on it. Commercial organizations also include co-operative enterprises, state and municipal institutions.

Those organizations that, being a legal entity, do not engage in profit-making from their activities, are called non-profit organizations. Organizations of this type include consumer cooperatives, religious or public associations financed through charity.

Business entities may be recognized as a legal entity if they possess property that is either in their personal property or in economic management (another option is operational management). A legal entity has four legal characteristics:

1. Organizational unity.
2. Separate property.
3. The opportunity to speak in court proceedings on his own behalf.
4. Independent property responsibility.

In conclusion, it should be noted that the boundaries between the concepts of the physical and legal person are often conditional and defined, under the existing legislation, separately for each case. So, for example, assigning the status of a legal entity to any "organization" does not mean that this name hides a whole team of citizens. The economic society, theoretically, can be created by one person, provided that the relevant documents are properly drawn up.