The SARL is still the legal form shared by most companies in France.\u00a0The reason lies in the flexibility of his formation.\u00a0It also authorizes the separation of production assets from its assets.\u00a0The partner is liable for the social liabilities only up to the amount of his contributions.\u00a0Personal property is not the pledge of debts arising from the company\u2019s activities, and will therefore remain immune from legal action by the company\u2019s creditors.<\/p>\n
A single person (single partner) can set up an LLC.\u00a0The only prohibition applies only to the case where the SARL has a sole shareholder SARL as sole shareholder.
\nThe partners of the SARL (whose number cannot exceed one hundred) must all intervene in the deed of incorporation of the company.\u00a0They can also issue a special mandate for this purpose.
\nTo encourage the creation and development of SMEs, various laws have lightened the general SARL scheme on the following points:
\n\u2013 the appointment of an auditor is not compulsory, unless the company exceeds certain thresholds.<\/p>\n
\u2013 In addition, there is no longer a minimum capital requirement.\u00a0From now on, the articles of association freely set the amount of the share capital, although it is permitted to set up an LLC with a share capital of 1 (one) euro.<\/p>\n
\u2013 When the sole shareholder personally assumes the management of the SARL, the formalities of publicity are lightened in his regard.<\/p>\n
THE UNDERSIGNED,<\/p>\n
X , Y and Z \u2026(as many shareholders as possible)<\/p>\n
WHO HAVE PREVIOUSLY DISCLOSED THE FOLLOWING:<\/p>\n
PREAMBLE<\/p>\n
Have decided to set up a limited liability company among themselves and have adopted the statutes set out below:<\/p>\n
TITLE I: FORM \u2013 PURPOSE \u2013 NAME \u2013 DURATION \u2013 CORPORATE YEAR \u2013 HEADQUARTERS
\nArticle 1 \u2013 FORM
\nArticle 2 \u2013 CORPORATE PURPOSE Article 3 \u2013 CORPORATE NAME\u00a0Article 4 \u2013
\nCORPORATE YEAR \u2013 DURATION\u00a0\u00a0Article 5 \u2013 CORPORATE HEADQUARTERS<\/p>\n
TITLE II: CONTRIBUTIONS \u2013 SHARE CAPITAL \u2013 COMPANY SHARES<\/p>\n
Article 6 \u2013 CONTRIBUTIONS _ FORMATION OF SHARE CAPITAL
\n1 \u2013 Contributions in cash
\n2 \u2013 Contributions in kind
\n3 \u2013 Contributions in industry
\n4 \u2013 Summary of contributions<\/p>\n
Article 7 \u2013 SHARE CAPITAL
\nArticle 8 \u2013 INCREASE AND REDUCTION OF CAPITAL
\nArticle 9 \u2013 DIVISION OF SHARE CAPITAL \u2013 DISTRIBUTION OF SHARES
\nArticle 10 \u2013 ASSIGNMENT AND TRANSMISSION OF SHARES
\n10.1 \u2013 Transmission inter vivos
\n10.2 \u2013 Claim by the spouse of the status of associated
\n10.3 \u2013 Transmission by death.
\n10.4 \u2013 Liquidation of a community of property between spouses
\nArticle 11 \u2013 DEATH \u2013 PROHIBITION \u2013 COLLECTIVE PROCEDURE \u2013 BANKRUPTCY OF A PARTNER<\/p>\n
TITLE III: ADMINISTRATION \u2013 CONTROL<\/p>\n
Article 12 \u2013 APPOINTMENT OF MANAGEMENT \u2013 POWERS OF MANAGERS
\nArticle 13 \u2013 OBLIGATIONS AND RESPONSIBILITY OF MANAGERS
\nArticle 14 \u2013 TERMINATION OF OFFICE
\nArticle 15 \u2013 STATUTORY AUDITORS<\/p>\n
TITLE IV: DECISIONS OF THE PARTNERS<\/p>\n
Article 16 \u2013 COLLECTIVE DECISIONS \u2013 FORMS AND METHODS
\nArticle 17 \u2013 ORDINARY COLLECTIVE DECISIONS
\nArticle 18 \u2013 EXTRAORDINARY COLLECTIVE DECISIONS
\nArticle 19 \u2013 RIGHT OF COMMUNICATION AND INTERVENTION OF SHAREHOLDERS
\nArticle 20 \u2013 AGREEMENTS BETWEEN THE COMPANY AND ITS SHAREHOLDERS OR MANAGERS<\/p>\n
TITLE V: ALLOCATION OF RESULTS \u2013 DISTRIBUTION OF PROFITS<\/p>\n
Article 21 \u2013 APPROVAL OF CORPORATE ACCOUNTS
\nArticle 22 \u2013 ALLOCATION AND DISTRIBUTION OF PROFITS
\nArticle 23 \u2013 DIVIDENDS \u2013 PAYMENT<\/p>\n
TITLE VI: EXTENSION \u2013 TRANSFORMATION \u2013 DISSOLUTION \u2013 LIQUIDATION<\/p>\n
Article 24 \u2013 EXTENSION
\nArticle 25 \u2013 OWN CAPITAL LESS THAN HALF OF THE SHARE CAPITAL
\nArticle 26 \u2013 TRANSFORMATION
\nArticle 27 \u2013 DISSOLUTION \u2013 LIQUIDATION
\nArticle 28 \u2013 DISPUTES<\/p>\n
TITLE VII: LEGAL PERSONALITY \u2013 CONSTITUTIONAL FORMALITIES<\/p>\n
Article 29 \u2013 ENJOYMENT OF LEGAL PERSONALITY
\nArticle 30 \u2013 PUBLICITY \u2013 POWERS<\/p>\n","protected":false},"excerpt":{"rendered":"
THE LIMITED LIABILITY COMPANY (SARL) The SARL is still the legal form shared by most companies in France.\u00a0The reason lies in the flexibility of his formation.\u00a0It also authorizes the separation of production assets from its assets.\u00a0The partner is liable for the social liabilities only up to the amount of his contributions.\u00a0Personal property is not the […]<\/p>\n","protected":false},"featured_media":17017,"comment_status":"open","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"product_brand":[],"product_cat":[355],"product_tag":[],"class_list":{"0":"post-12601","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-company-law","8":"first","9":"instock","10":"downloadable","11":"taxable","12":"shipping-taxable","13":"purchasable","14":"product-type-simple"},"yoast_head":"\n