In the
case of legal entities, they can only have Mexican nationality if they have
been created under the laws of Mexico and have their domicile in the Mexican
Republic. On the other hand, these types of people acquire tax obligations
from the moment they are created, they are identified by a company name
independent of the name of those who make them up and they do not have a
marital status as they are not an individual.
To register a legal entity, you must first decide which tax
regime suits them (depending on the company's line of business and the planned
activities), in addition to drafting a charter through a notary's office to
give the association legality. Regarding financing, legal entities can
access a greater amount of credit due to their economic solidity and purchasing
power.So
what am I?
This completely depends on your economic activities. Are
you an employee of a company? Then you are a physical person. Are you
an entrepreneur? Then you should be a moral person. If you are a
freelancer, your tax regime must be a natural person registered with the
Professional Services or Tax Incorporation Regime (these changes can be made
from the SAT portal )
It is worth mentioning that not all tycoons are legal entities,
although on many occasions (especially when your business is starting to revenue
off) it is convenient for you to change your tax regime.
When to make the change to a legal person?
This is a question that haunts the minds of many entrepreneurs. There
are certain important aspects that warn you that it is time to make the leap to
a legal entity, such as having business partners, an exponential increase in
the income of your venture or having more than one business.
Among the advantages of becoming a legal person are accessing
larger loans for your SME, attracting investors with a larger capital
injection, and even refraining from paying VAT on the credits you request.
If you want to know more near the ideal time to become
a moral person and its advantages, enter our blog specialized in the subject and know everything you need to convince
yourself to make your change before the SAT.
Now that you know the exact definitions of natural person and
legal person, their main differences and what are the recompenses of each one,
you will be able to decide which tax regime is best for you according to your
economic activities and fully comply with your obligations to the service of
Tax Administration. Remember that he who owes nothing, fears nothing.
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