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In France, accounting has very strict rules and norms. It’s important to follow these rules, as not doing so would put you at odds with the law. It’s almost never recommenced to try to take care of your accounting by yourself but in case you ever need to, here are the main accounting principles you must never forget.
In certain cases, it’s possible that the current legal status of your company hinders the company’s growth in some way, and it would be more advantageous to change the type of company you have. As such, it’s worth explaining how exactly you can change the legal status of your company in France.
It’s no secret that French administration is difficult. Administrative procedures tend to be long and complex, especially when it comes to company creation. Thankfully though, the French president Emmanuel Macron seems to want to change that!
In France, the remuneration of the legal representative is a “tax-deductible expense”. In other words, the higher it is, since you don’t pay corporate tax on it, the higher it is, the less tax you pay!
Whenever a company issues a bill, there’s a risk of the client not paying. As such, there are pieces of legislation in place to make sure that unpaid bills don’t affect the cash of companies too much.
In terms of investment in Research and Development (R&D), France is ranked 6th in the world. It’s no wonder: innovation plays a huge role in France’s economy.
Are you creating a company? Are you expanding it? Is your main activity changing? If so, then you might have to determine what collective agreement you’re subject to. Here are just a few tips to ensure you don’t get it wrong!
Overall, it appears that new things are motivating French Employees. Indeed, openness, teamwork, and friendliness at work are some of the things that make French people most want to work for a company.
In theory, in France, shareholders are free to fire the manager of a company whenever they want. However, certain laws do protect managers to prevent them from being unfairly dismissed. But how exactly does it work?
