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Yes. Reminder: In the context of their professional activity, a sole proprietor risks their personal assets if the business incurs debts. As an exception, the law provides a mechanism to protect the primary residence by making it automatically unseizable (Article L526-1, paragraph 1 of the Commercial Code). You can also…
...became a partner in the company. Do I have to declare the company's profits? No. When ownership of shares is divided between a usufructuary and a bare owner, it is up to the usufructuary to declare the sums he or she receives from the company's profits (art. 8 CGI), which…
Yes. In civil companies, management may be carried out by someone who is not even a partner (Civil Code, Article 1846).
No. An SCI requires at least two members (individuals or legal entities). It is therefore not possible to create a single-member SCI, unlike other forms of company (such as an EURL, for example) (French Civil Code, Art. 1832).
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