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- Setting up a business in France

 Auto entrepreneur scheme    Article posted by FRENCH INFO

Auto-entrepreneur - This new business structure could make running a business in France less of a headache. The recent law modernisation, No. 2008-766 from the 4th August 2008, has brought into place a new type of sole trader structure, the Auto-Entrepreneur. Operational from the 1st January 2009, the final decrees are passed.

Following in the footsteps of the micro and the recently introduced micro social, this has been created for those people, who would like to set up a small business structure and limit the risks of a business creation. It is easy to set up or shut down, and can also be used when someone is already employed or retired. It involves a system of declarations of real income, on a quarterly or monthly basis and payments of social charges and income tax corresponding to real sales for that period. It is designed to simplify a business creator’s progression into the independent business world. It requires the completion of a form and a payment corresponding to a percentage of sales to cover the fiscal and social charges. The auto-entrepreneur system has now been finalised and those persons who have already opted into the micro-social system should look into moving to the auto-entrepreneur option.