EIRL

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16 February 2010

EIRL to be launched 01/01/2011: Entreprise individuelle with limited liability

Entreprise individuelle is one of the easiest business structure to start in France. But its huge downside is that the entrepreneur is liable on his-her personal asset for all debts generated by the business. Indeed there is no distinction between the business and the entrepreneur - this is referred to as “entreprise en nom propre’‘. his can have a huge impact on the family, has married or pacsed couples would be both liable for the debt incurred by the business.

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