Entrepreneurs in France: Who are they really? What are they really doing?
As the legal representative of your company in France, your personal liability can be incurred by many actors, whether they’re from the company or not.
Business insights and articles written by our team of world-class professionals
As the legal representative of your company in France, your personal liability can be incurred by many actors, whether they’re from the company or not.
If you’re a business creator, finding an incubator can be one of the best ways to push your project forward. Indeed, not only do these structures help you develop your company, but they can also provide funding, advice, and sometimes even housing.
In France, every citizen has what’s known as civil liability. Basically, it means that if you, or someone you are responsible for ever causes someone else harm, then you’re going to have to compensate the other party somehow. Thankfully, there exists insurance to protect you from that.
If you want to create a company, then the first thing you should do is plan your expenses, and how you’re going to pay them. As such, here is a list of all the expenses you should think of when creating a company in France!
When you’re creating a company, there are obviously going to be certain expenses you can’t avoid. Thankfully, you can get your company to pay you back some of them!
Sometimes, a company will try to transfer or sell its shares, so that it can get some cash or bring in a new associate. However, there are certain things you should do to make sure that both the buyer and the seller are protected.
Normally, the VAT is a tax that makes the price of most transactions go up by a certain amount. It means that the buyer will have to pay more to the seller, and the seller will then give this surplus back to the state. Of course, this also applies to transactions between companies.
In France, current accounts (or “comptes courants d’associés”) are a means of funding for a company. Basically, it refers to associates lending money to the company by transferring money from their personal account to the account of the company.
Current account contributions are one of the best ways to give your company cash on the short-term. Normally, associates can get their money back whenever they want, but it is possible to “block” this account.
The associate’s pact is a convention among associates in a company that is submitted when a company is registered.
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