\u0415\u0434\u043d\u043e\u043b\u0438\u0447\u0435\u043d\u00a0\u0422\u044a\u0440\u0433\u043e\u0432\u0435\u0446<\/a>\u201d)<\/em><\/p>\nET in Bulgaria represents ownership by an individual (an individual merchant). This is a business owned and managed by a private individual (living in Bulgaria) where the legal entity (which can sue and be sued, as well as bearing responsibility) belongs to the business owner.<\/p>\n
Advantages of ET<\/em><\/p>\n\n- No need for initial capital.<\/li>\n
- Registration fee is lower than for OOD\/EOOD.<\/li>\n
- Closing procedure is relatively rapid.<\/li>\n<\/ul>\n
Disadvantages<\/em><\/p>\n\n- Personal liability for all the company\u2019s financial obligations.<\/li>\n
- Higher taxes than the company taxes for the other forms of incorporation.<\/li>\n
- If the company intends to apply for a loan from a Bulgarian bank, the Bulgarian banks do not \u201clike\u201d this type of incorporation.<\/li>\n<\/ul>\n
![\"Company](\"https:\/\/lawfirmbackup_200125.k1uagm.ap-southeast-2.wpstaqhosting.com\/wp-content\/uploads\/2020\/02\/bulgaria-2115804_1920-300x169.jpg\")
Regarding small and medium-sized businesses, the dilemma is the choice between \u201cET\u201d (a \u201cregistered business\u201d in Israeli terms) or OOD\/EOOD (a limited corporation). What are the advantages and disadvantages of the three types of incorporation?<\/p>\n