Are you a coater and do you want to establish an adequate legal structure for your activity? Then this article is for you! We will guide you step by step in choosing a legal status for your business.
Coaters are construction tradesmen who take care of the thermal insulation of buildings. Their activity is very specialized and requires adequate training. It is therefore necessary to choose the legal status that best suits their activity.
Which legal status to choose for a coater?
There are several legal statuses available to construction contractors, and choosing the right status depends on the specific activity and expected turnover.
The micro-enterprise is the most common status among small businesses. This status is reserved for companies whose annual turnover does not exceed €82 excluding tax for the provision of services and €800 excluding tax for the provision of goods. If your activity is below these thresholds, micro-enterprise is the status best suited to your activity.
The self-employed is the simplified version of the micro-enterprise. This is a status reserved for small businesses and craftsmen who carry out a commercial or craft activity as their main activity. This status is accessible to everyone and allows you to quickly start an activity.
The limited liability company (SARL) is a legal status reserved for companies which have a minimum share capital of €5 and which are made up of at least two partners. Partners can be natural persons or companies. The partners do not have to be present in the management of the company and they do not have to be responsible for the debts of the company.
Sole proprietorship with limited liability (EIRL) is a legal status reserved for companies whose turnover is less than €33 excluding VAT and which are made up of a single partner. This status allows the partner to limit his liability to the debts of the company.
Which legal status is best suited to your business?
The choice of legal status depends on your activity and your expected turnover. If your activity is below the thresholds provided for by law, micro-enterprise or auto-entrepreneur are the legal statuses best suited to your activity. If you are a larger company, SARL or EIRL are more suitable legal statuses.
Where can I find advice on choosing a legal status?
It is important to choose your legal status carefully to avoid any legal and tax problems. It is advisable to hire a chartered accountant or a lawyer specializing in legal and tax matters. These professionals are able to advise you on the choices to be made and help you choose the legal status best suited to your activity.
The different legal statuses for coaters
Coaters have the choice between several legal statuses to exercise their activity. Each legal status has advantages and disadvantages and it is important to fully understand the different statuses to choose the one that best suits your business.
The micro-enterprise
The micro-enterprise is the most common status among small businesses. This status is reserved for companies whose annual turnover does not exceed €82 excluding tax for the provision of services and €800 excluding tax for the provision of goods. If your activity is below these thresholds, micro-enterprise is the status best suited to your activity.
The self-employed
The auto-entrepreneur is the simplified version of the micro-enterprise. This is a status reserved for small businesses and craftsmen who carry out a commercial or craft activity as their main activity. This status is accessible to everyone and allows you to quickly start an activity.
The limited liability company (SARL)
The SARL is a legal status reserved for companies which have a minimum share capital of €5 and which are made up of at least two partners. Partners can be natural persons or companies. The partners do not have to be present in the management of the company and they do not have to be responsible for the debts of the company.
Sole proprietorship with limited liability (EIRL)
The EIRL is a legal status reserved for companies whose turnover is less than €33 excluding VAT and which are made up of a single partner. This status allows the partner to limit his liability to the debts of the company.
Tips for choosing the right legal status
It is important to choose your legal status carefully to avoid any legal and tax problems. It is advisable to hire a chartered accountant or a lawyer specializing in legal and tax matters. These professionals are able to advise you on the choices to be made and help you choose the legal status best suited to your activity.
A professional will know the thresholds and conditions imposed by each status and he will be able to inform you about the advantages and disadvantages of each status and help you choose the right status according to your activity and your expected turnover. He can also help you compile the documents needed to open your business and help you find the solutions best suited to your situation.
The advantages and disadvantages of legal status
Each legal status has advantages and disadvantages. The micro-enterprise and the auto-entrepreneur are very simple statutes and accessible to all. But these statutes do not allow certain turnover thresholds to be exceeded and they do not allow companies to be formed. The SARL and the EIRL are statutes more suited to large companies and they allow companies to be set up with several partners. But these statutes require a minimum share capital and a more complex constitution.
It is therefore important to understand the different statuses and to choose the one that best suits your activity. It is advisable to hire a chartered accountant or a specialist lawyer to benefit from the advice and assistance necessary to choose the right legal status for your company.
Conclusion
Coaters have the choice between several legal statuses to exercise their activity. Each legal status has advantages and disadvantages and it is important to fully understand the different statuses to choose the one that best suits your business. It is advisable to hire a chartered accountant or a specialist lawyer to benefit from the advice and assistance necessary to choose the right legal status for your company.
