The Legal Status of New Business Creation

business

The contractor must choose a legal status for his company, sole proprietorship or partnership, which will determine the formalities of declaration, for his personal legal status, as well as fiscal, administrative and social. Create a society is to give birth to a new person legally distinct from the founding partners, the so-called "legal person".

status
The different legal status

The choice of company status depends on the type of professional activity that will be performed, and other factors to be taken into account:


* the company will be created individually or in association with partners ?

* what are the financing needs of the new structure ?

* the creator plans to separate his personal assets from business assets ?


The constitution of a company requires :

* to give it a name (social name or company name),

* to domicile it in a suitable local (headquarters),

* to bring it a minimum of money and/or goods that will constitute its share capital,

* to designate one or more persons to administer it and represent it in relation to third parties,

* to record in a contract all the rules that govern its operation (the "Status").

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