Blog about entrepreneurship

The status "mise en sommeil"

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mise-en-sommeil-french-company

If you would like to cease the economic activity of your French company temporarily, there’s a procedure known as “mise en sommeil”.

This action consists on pausing your activity with the aim of reactivating it in time. The period can last for a maximum of two years.

Is it compulsory to open a professional bank account?

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Is it compulsory to open a professional bank account?

This question may seem incoherent as a bank account is required to manage the financial flows of any activity, let alone professional.

However, we can reformulate it this way: can we use a personal bank account for a professional activity?

Taking a closer look, it’s possible to avoid a professional bank account. You should pay attention to the following details.