Income threshold at which company registration is mandatory

Income threshold at which company registration is mandatory

Question:
Hello!
I would like to start an online consulting business, but the initial monthly costs such as insurance and bookkeeping are not small. Could you describe what the possible options are for a sample activity? Is there a monthly limit on the amount that can be received in the personal bank account for the consultations carried out before reaching a level that can cover the costs and open an EOOD?
Thanks in advance!

starting a company, making a profit, monthly expenses, accounting services, Varna, Ruse, Stara Zagora, Plovdiv, Burgas, Sofia
Answer:
Hello,
The law does not provide for a "trial" for the activity. If there is an activity, it must be registered and regulated in some way, respectively the state must receive taxes and insurance. It's your choice whether you go along with it or work without a company first to see how things go. Keep in mind that there is no regulated turnover where you will certainly not be checked. There is always a probability, the higher the turnover, the greater the probability.
We cannot determine the level of income you will reach to cover your expenses, as we do not know what expenses you will have. In any case, an operating company has insurance costs at least for the manager, and in the minimum case, if he is insured as a self-insured person, they will be around BGN 270/month. If you have a company bank account, you will have at least 15-20 BGN bank fee for maintenance. Also expenses for an accountant - at least BGN 100/month. Possibly rent, electricity, water, etc.
We hope we have been helpful!
Greetings!




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