The project owner has a heritage to protect

The use of a
societal form makes it possible, for the most part, to shelter the personal
property of the project holder (unless he commits a management error or certain
other offenses). Indeed, the professional patrimony is then distinguished from
the personal patrimony of the partner. To this end, a legal structure should be
chosen in which the partners' liability is limited to the amount of their
contributions (this is the case for SAS / SASU, SARL / EURL, SA). In some
others, the responsibility is unlimited and sometimes solitary (as for the SNC
for example).
If he carries
on his business in his own name, there is no distinction between personal and
professional wealth. The project proponent may still be able to protect
himself, but by means of a fairly substantial formalism. In addition, coverage
will be less. If he is a self-entrepreneur, he must opt for the EIRL scheme,
if he chooses the EIRL, he must carefully define his assignment patrimony and
if he is an individual entrepreneur, he can opt for the status Of EIRL or to
protect certain of its properties with the declaration of exemption from
seizure (since 7 August 2015, the principal residence of the head of the
company is exempt from seizure without any special formalities).
The project
leader carries out a special activity or sets up a specific financial package
Some
activities require the choice of a particular legal status. In this case, the
project proponent has no choice as to the structure to be adopted. This is
notably the case of the activity of tobacco production for which the form of
the CNS is imposed or for regulated liberal professions (doctors,
physiotherapists ...) who have to carry out their activities either in their
own name or in a company (SEL).
In addition,
certain financial arrangements impose the choice of legal status on their own.
In the case of a holding company, for example, the legal form must be a
company.
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