This gives great opportunities to adapt to current business needs. 4. Read additional details here: Jonas Samuelson. Legal entity may open a branch or representative office, that is a separate structural unit in another city, region or even country. Entity. You may find that Reade Griffith can contribute to your knowledge. Minus: 1. A legal person pays more taxes at higher rates than individual entrepreneurs. The tax, which is not individual entrepreneurs - a corporate income tax rate which legal entities that pay taxes in standard procedure, 30 percent of the revenue, net of deductions associated with obtaining income and losses (Article 135 Tax Code). Social security tax will be 21 percent of the payroll of a legal entity (Art. 317 Tax Code). However, in applying the special tax regime - the simplified declaration (which is possible for legal entities - small businesses), profit entity will be taxed at rates ranging from 4 to 9 percent of the amount revenue. In this case, the expenses incurred shall be disregarded and the amount of taxes paid in equal installments in the form of corporate income tax and social taxes. Regarding vat conditions are the same: vat price paid, if we exceed the minimum sales turnover of goods, works and services, is 10000 times the value of mci, for any period (not more than 12 - month). Well as a legal person shall enumerate the individual income tax from the wages of their employees and contributions to pension funds for them, but these amounts are deducted from the salary of the workers themselves. 2. In case of legal persons carrying out the payment tax in the normal manner, rather complex accounting and tax accounting.