Are you opening a restaurant? Compare the different types of legal structures before you start.
Before opening a restaurant, it is important to choose an appropriate legal status. This will depend on your taxation, the level of capital required and the level of personal risk you will take on the structure's indebtedness.
The sole proprietorship is the simplest legal status to adopt for a creator. The formalities are reduced to a minimum and the operating rules are extremely simplified.
The status of EURL (Sole Proprietorship with Limited Liability) is a form of company similar to the SARL , but it is made up of only one partner and its operation is slightly simpler.
The SARL (Limited Liability Company) is the legal form most adopted in France. It concerns 57% of business creations in 2014. Here are the reasons for its success, and the points to be vigilant.
Unlike the co-management system in an SARL, the management of an SAS (simplified joint-stock company) is provided by a single chairman, with a direct hierarchical link to the general manager. If you want to run your company alone, this is the most suitable status. In addition, the SAS is the legal status acclaimed by young designers for its flexibility in terms of organization, while the SARL is more rigid in terms of regulations. Here are the pros and cons to consider before getting started: