EURL
The EURL is a form of business that offers small businesses the opportunity to get started in the business world without too much risk. It allows companies to incorporate as a single partner, which facilitates management and accounting, and has many tax advantages. It is therefore ideal for small businesses that want to get into business without taking too much risk.
Definition of EURL (Single-Person Limited Liability Company)
EURL: The Single-Person Limited Liability Company (EURL) is a company incorporated and managed by a single person, with limited liability for its financial and legal obligations.
Example of creating an EURL
The creation of an EURL is an interesting option for entrepreneurs wishing to start their own activity. It is a form of limited liability company, the capital of which is held by one or more persons who share the profits and losses. The advantages of this type of structure are numerous, particularly in terms of limited liability, ease of management and the possibility of increasing capital.
To create an EURL, you must first file a company incorporation file with the registry of the commercial court. This file must contain a declaration of creation of the company, a deed of appointment of a manager and a deed of capital contribution. Once the file has been accepted, the clerk of the commercial court will issue a Kbis extract, attesting to the incorporation of the company.
Tasks to perform to create an EURL
File a company incorporation file with the registry of the commercial court
Write a declaration of creation of the company
Draw up an act of appointment of a manager
Establish a capital contribution deed
Obtain the Kbis extract from the clerk of the commercial court
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Sole Proprietorships with Limited Liability (EURL) are a type of business structure that provides owners with limited benefits and liabilities. The person running the business is responsible for management and decisions, but is not personally responsible for the debts or obligations of the business.
An EURL can be a good option for small entrepreneurs who want to set up a more formal business structure. To find out more about the creation and management of an EURL, you can consult the SAS. There are also alternative options such as simplified joint-stock company (SAS) structures which may offer additional benefits.