The sole trader is the most often commonly chosen legal form to create and develop a small company. 56% of company directors have adopted this status which ha the advantages of reduced charges, simpler formalities, simpler financial structuring etc.
On the other hand, once the company’s business activity starts to grow, it can be in the director’s interest to turn the company into a corporation. The company thus becomes an artificial person and it is then possible to mobilise capital and finance the business development (investments, working capital requirement etc.). The legal framework protects the assets of the director from being affected by his professional activity, under certain conditions.
Orcom assists the director in this procedure and brings in the skills of its legal, fiscal and asset management division to select the the status and remuneration structure of company directors, constitute a new company and carry out the legal operations related to asset and liability contributions of the sole trader to the new company.
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Laure Verdureau
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+33 2 38 77 76 32
