What legal form to choose: Single or Multi Members LLC for beauty care salon ?
As a beautician, what is the better legal status...
What legal form to choose: Single or Multi Members LLC for beauty care salon ?
Quand l’on offre une liberté comptable mais à une imposition très élevée & que l’autre est soumise à une réglementation plus stricte mais avec des avantages fiscaux plus généreux, on ne sait plus ou mettre la tête !
My beauty salon as a Single Member Limited Liability Company
What should I expect if I open a beauty salon as a Single Member Limited Liability Company?
First of all, what does Single Member Limited Liability Companies mean?
EURL signifie entreprise unipersonnelle à responsabilité limitée,
i.e. with a single shareholder. It is therefore a company, not a sole proprietorship.
The advantages of a single-member limited liability company for my beauty salon
En premier lieu c’est sa simplicité de création qui facilite et fait gagner du temps.
Il y a dans un second temps, la protection du patrimoine personnel, si vous êtes propriétaire alors le statut protègera vos biens personnels en cas de défaut de paiement de la société.
Il n’est pas nécessaire d’établir une fiche de paie pour la rémunération du gérant de l’EURL. Lors d’une vente ou d’une session de l’activité, la transmission est simplifiée car les formalités de cession sont réduites au minimum.
To remember:
- the simplicity of opening an single-owner LLC
- la protection du patrimoine personnel
- and limits your liability against lawsuits and creditors
- the simplified functioning of the LLC
- transmission made easy.
The cons of a single-member LLC for my beauty salon
Like any legal status, the single-member LLC also features certain disadvantages.
They are mainly :
- strict legal framework
- complexity of ownership transfer process
- social security system member
- Medicare and Social Security taxes
- manager liability.
LLC yes, but with two members !
The LLC multi-members need 2 members minimum This is a suitable legal status for 2 partnerships who intend to open a beauty salon with 2 distinct skills bien distinctes et non concurrentes For example, a beautician and a hairdresser.
Single Member or Multi Member Limited Liability Company for aesthetics ?
Nomination d’un gérant
Lors de la création de la société, un gérant doit être nommé parmi les associé(e)s.
There may be one or more managers.
Good to know:
When the managing director acts within the scope of his duties and in the interests of the company, it is not he personally, but the company that is liable for any damage. On the other hand, the managing director may be personally liable to compensate the partners, the company (and/or third parties) when he or she acts in breach of the law or the company's bylaws. He may also be held liable in the event of faute de gestion du gérant de la SARL.
