The first sheet is a knock-out test, and that is what sets this workbook apart from everything circulating on the subject. Article 590 bis 2 of the Commercial Code provides that "a natural person may be the sole partner of only one limited liability company", and that a limited liability company "may not have as its sole partner another limited liability company composed of a single person". The sanction is dissolution, at the request of any interested party.
The rest of the workbook covers what the sole partner gains — the five articles that article 584 sets aside, so no general meeting and no three-quarters rule — and what he owes in exchange: a decisions register, without which those decisions are annullable, and the impossibility of delegating his powers. It then sets out, with the text in hand, the audit exemption EURLs enjoy, and the three cases where it does not apply.
What you receive
- A 19-page PDF, designed to be printed and annotated: each sheet starts on a fresh page.
- Two calculation sheets: the start-up requirement against the funding, then the real cost of the profit coming up to you.
- A model page for the sole partner's decisions register, and three checklists — documents, schedule, annual control.
Included
- French, Arabic and English versions
- Updated at each Finance Act
Not included
- Model articles of association: drafting them is the notary's work, and a notarial instrument is required on pain of nullity
- The total cost of incorporation — part of it is proportional to the capital; the workbook gives the structure
- The contributions valuer's report, which is the work of a court-appointed expert