Frequently asked questions about Entreprise

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I created a non-trading real estate company (SCI) with my son. I want to give him the bare ownership of my shares. Will I retain my status as a partner?

No. Case law holds that “the usufructuary of company shares cannot be recognized as having partner status, which belongs exclusively to the bare owner” (see Cass. Com., advisory opinion, 1 Dec. 2021; Cass. 3rd Civ., 16 Feb. 2022, No. 20-15.164). Moreover, an SCI must have at least two partners (Art…
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When is document legalisation required?

A document must be legalised when it is intended for use in a country that is not a signatory to the Hague Convention or to any international agreement waiving such formalities. The Ministry for Europe and Foreign Affairs maintains an up-to-date table listing the formalities required according to the destination…
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