Le EURL manager salary is not regulated by law, but must nevertheless be stipulated in the articles of association or a separate document. Discover here all the information concerning the salary of the manager of an EURL : how to fix it? What is it made of?
La remuneration of the manager of an EURL, although not regulated by law, must be specified in the articles of association or a separate deed. Discover here all the essential information on the salary of the EURL manager : how the to define ? what is it consisting ?
Le salary of the manager of EURL is not regulated by law, but must be provided for in the articles of association or a separate act. Discover here all the important information on the salary of the manager of an EURL : how the to stare ? what is it consisting ?
In principle, no legal provision defines the manner in which the remuneration of the manager of an EURL. This manager can exercise his functions free of charge (no minimum allowance is imposed by law) or be paid in return for these missions.
La discount of the manager of an EURL can thus be fixed ou variable. In addition, he is able to receive benefits in kind (note that the rules differ from those applicable to employees).
If the reward is fixed, leader obtains it according to the defined periodicity, regardless of the profit of the EURL. Any subsequent change requires a decision by the sole partner (it is highly recommended, in this case, not to provide for compensation in the EURL statutes but by separate act, i.e. on the basis of a decision of the sole shareholder).
La remuneration variable has the advantage of raising awareness leader to company performance. It can be proportional to gross margin, profits, invoiced (or collected) turnover or any other appropriate financial indicator.
The terms of manager's remuneration must be settled within EURL statutes (quite a rare case in practice since any change in the calculation of remuneration requires a modification of the statutes of the EURL) or, more commonly, in a separate document (the sole shareholder makes a unilateral decision and records it in a decision report of the sole shareholder integrated into a register. He may make changes to it at any time subject to the drafting of a new report ).
If the non-partner manager of an EURL awards himself a higher remuneration than that granted by the sole shareholder, he incurs civil and criminal penalties, and dismissal for just cause (resulting in the end of his duties as manager).
When the sole shareholder is also the manager of his EURL, he himself sets his remuneration as corporate officer without this decision being subject to any other control.
The remuneration of the manager of EURL is free and must be recorded in writing, in the statutes of the EURL or in the minutes of sole shareholder's decision.
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