Guide pour register a company in France

An EURL is a limited liability company (known in France as SARL) with only one associate.

It can also be called a ‘SARL unipersonnelle’, and together with the SASU, they are the two types of single-associate companies in France.

An individual company refers in France to a type of enterprise without a legal entity.

It means that it’s constituted by a single member or “natural entity”, who will be the only associate and the director of the individual enterprise. By no means can a third party manage an individual company.

The K-bis of a commercial company is its identity card.

It is, in fact, an extract from the commercial register issued by the registry of the Commercial Court. It is considered as the only official document attesting and proving the legal existence of a company.

In order to be able to be able to exercise its activity, it is necessary for a business centre to hold an “agrément préfectoral”, which is a prefectural police authorisation.

The recovery procedure of a company with difficulties is a business restructuration process known in France as “redressement judiciaire”.

Unlike the procedure of safeguard, the company has effectively ceased its payments, but it still seems possible to retake the company and relaunch its activity. The procedure is indeed very similar to the safeguard one, and it also applies to any type of enterprise.

The simplified process of liquidation of an insolvent enterprise applies to individual companies without real estate.

There are two types of “liquidation judiciaire simplifiée” (or simplified legal liquidation) in France. The eligible enterprises fall into either category according to their average revenues and the number of employees they have. These two types of simplified liquidation are known as compulsory and facultative.