The Legal Status of New Business Creation
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".
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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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