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Read the latest news, useful tips, and practical information from the world of accounting, administration, and business growth.
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2026-08-11 09:39:00
Step-by-Step: How to Close a Sole Proprietorship?
The process of closing a sole proprietorship requires timely planning and the execution of clear procedures through municipal, tax, and financial institutions. To avoid unexpected costs and default interest, it is crucial to properly settle all obligations and close the sole proprietorship with professional support.
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2026-08-11 09:23:00
Difference Between Liquidation and Bankruptcy: When to Initiate Bankruptcy vs. Business Liquidation?
Growing market challenges, operational changes, or simply the founder's desire to conclude a specific business venture often lead to the question: How to properly and legally close a company in BiH? When shutting down a legal entity, entrepreneurs most commonly encounter two terms – liquidation and bankruptcy. Although both processes lead to the final termination of a company's operations, they differ drastically in their causes, conditions, legal consequences, and the manner in which accounting books are kept and tax obligations are settled. Below, we provide a detailed guide on the differences between liquidation and bankruptcy, along with advice on when and under what conditions to initiate the appropriate procedure.
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2026-07-31 09:49:00
When and How to Enter the VAT System in BiH? (A Guide for Entrepreneurs)
One of the most important financial milestones in the operation of any company or sole proprietorship in Bosnia and Herzegovina is entering the Value Added Tax (VAT) system. This decision brings new legal obligations, a different way of issuing invoices, as well as opportunities for input VAT recovery. However, entrepreneurs still have many dilemmas: Is entering the VAT system always mandatory? What happens when the legal threshold is crossed? What is the difference between mandatory and voluntary entry? Below, we bring you all the key information and steps you need to know to avoid fines and optimize your business operations.
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2026-07-30 11:59:00
Most Common Mistakes When Starting a LLC and Sole Proprietorship in BiH (and How to Avoid Them)
Starting your own business is an exciting step, but also a process full of administrative and financial challenges. When registering a business in BiH, founders most often hesitate between two legal forms: a sole proprietorship (obrt) or an LLC (d.o.o. - limited liability company). However, due to a lack of information or rushed decisions at the very beginning, many entrepreneurs make costly mistakes that later require extra time, money, and complicated documentation changes. Below, we provide an overview of the most common mistakes when registering a business and tips on how to avoid them with timely expert support.
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2026-07-23 09:33:00
Sole Proprietorship or LLC in the Federation of BiH: How to Make the Right Decision for Your Business
Starting your own business in the Federation of Bosnia and Herzegovina brings a multitude of administrative and financial questions. The first and most important question that every entrepreneur faces at the very beginning is: Should I register a sole proprietorship (obrt) or a limited liability company (d.o.o.)? This decision is by no means just a formality. It directly dictates the amount of your initial setup costs, how you pay taxes and contributions, your level of personal risk, and the type of financial record-keeping you are legally required to maintain. To help make this critical step easier for you, Poslovnost Agency provides a detailed and comprehensive analysis of the key differences between these two business structures, strictly adhering to current legislation in the FBiH.
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