Last modified on March 13, 2024
Creating your startup is an idea that interests more and more people. However, between the administrative formalities, the legal form and the tax regime, it is not always easy. Faced with this situation, the services of an accountant can be very useful. Mastering the workings of business creation in general, their advice is very valuable for new entrepreneurs.
When it comes to the legal status of your company, you may be wondering how the accountant can advise you? Here’s an overview.
The chartered accountant, an advisor of choice
If you are looking for quality support for your entrepreneurial project, an online accountant would be ideal. Indeed, this business professional has significant know-how in this area. However, it should be noted that certain aspects will need to be studied for effective advice.
The planned steps
In order to guide you towards the best choice of legal form, it is important to make certain projections. Thus, the accountant will help you to develop an objective business plan as well as a provisional financing plan.
In doing so, you will know whether it is more appropriate to opt for a sole proprietorship or self-employed status. This aspect is important because it allows you to have an idea of the capital to provide. You can choose to benefit from these different services with a physical office or a freelance accountant. For the last option, you will discover more information on the specificities of this expertise by clicking here.
Financial administration
Choosing a legal status also means being informed about the various accounting and tax regimes. In France, for example, there are many regimes and each is adapted to a specific business status. In particular, you will be informed about the BIC, the BNC, the IR or the IS. Similarly, whether you are a craftsman or a micro-entrepreneur, you will have a different tax regime. Thanks to these prerequisites, the chartered accountant will be better equipped to advise you effectively on the most suitable legal status.
The different types of legal statuses
Whether you are considering creating your online business yourself or through an accountant, it is important to be well informed about each legal status. Indeed, several parameters vary greatly from one status to another. Here are more explanations:
The individual company
Quite flexible, this legal form makes no distinction between your assets and those of your startup. It is therefore not necessary to draw up statutes. Also, this type of company is subject to income tax applicable directly to the manager. Since the assets of the company and those of the entrepreneur are linked, the latter bears any losses of the company. In other words, he can be personally sued by his creditors in the event of debts.
The limited liability sole proprietorship
Better known by the acronym EURL, this type of company is quite recent. Very advantageous, it takes up most of the characteristics of the individual company. However, your liability is limited to the amount of your contributions to the company. In addition, the firm can be directly subject to corporate tax. On the other hand, a professional bank account is required and the entrepreneur will have the status of a self-employed worker.
The SARL
Accepting between 2 and 100 partners, the SARL is the classic form of legal entity. This characteristic highlights the need to establish statutes and regulations. On the other hand, no minimum capital is required and any type of contribution is accepted. It should be noted, however, that an SARL can also have a single partner. In this case, it becomes a Single-Person Limited Liability Company (EURL).
Regarding the tax system, SARLs may be subject to IS or the partnership regime. In the latter case, no time limit is required. Depending on the case, EURLs are subject to income tax or the micro-enterprise regime. However, the IS regime will apply to them if the sole partner is a legal entity.
The Public Limited Company
This is a legal entity with at least 2 shareholders. In addition to the statutes, the formation of an SA requires a minimum capital of 37,000 euros. It should be noted that contributions in kind are absolutely not permitted. Rather complex, the operation of the public limited company imposes other constraints.
For example, a president, one or more general managers, an auditor and a board of directors are required. It should be noted that the profits of this company are subject to corporate tax. However, dividends are not taxable and are exempt from all social security contributions. Also, the managers of SAs enjoy the status of manager assimilated to employees.
Far from being a trivial fact, business creation is a complex process. It is therefore advisable to be well supported for guaranteed success.
Passionate about the web and entrepreneurship, I founded Digitiz in 2016. My goal is to share my experience with you and save you time in choosing your tools.
Similar articles