Creating a company is often seen as a tedious process. Administrative slowness, including banking delays, is often blamed. This is why, in order to make entrepreneurs' lives easier and allow them to concentrate on the essential, we have created tools that are adapted to their needs and accessible to all.
If your company has not yet been created but you want to get started and take advantage of our services, here are the key steps for successfully creating your own business.
Depending on the issues involved and your support requirements, do not hesitate to use the services of a professional (lawyer, accountant, or legal expert attached to an accounting firm) to help you with one or more of these steps (development of a business plan, choice of legal status, advice and drafting of acts).
Performing market research and developing a business plan
Once you are certain of your project, it is important to carry out market research to analyse the competition, check that a business opportunity exists and identify potential customers to target.
You then need to draw up a business plan. This document is intended to present an action plan, which sets out the corporate strategy, and provide a financial projection. This forecasting plan will help you to answer several questions: Is the project profitable? What is the financing required to launch this project? How much can I hope to earn from this future activity?
It is also useful to learn about financing opportunities. Many mechanisms exist, but few business creators think about seeking them out. For a comprehensive presentation of the various types of assistance available based on your activity and your needs, you can use the online tool provided by the Chambers of Commerce and Industry: https://les-aides.fr/
Choice of legal status
The entrepreneur must first choose a legal status for his company or his sole proprietorship for administrative formalities. We present them on this explanatory page.
Let's move on to the various steps that make up the constitution of the company.
Choice of name
All companies must have a unique name. You must also make sure that the name chosen is not already protected by rights acquired by third parties (brand, or company name).
For an exhaustive search for name similarity (phonetic, orthographic, or intellectual similarities) based as much on brand names as on company names, the national intellectual property institute (INPI) offers an online service (€80 package) with an e-mail reply within 48 hours: https://www.inpi.fr/fr/disponibilite-marque-et-societe-en-france
Place of business
The business must have a registered headquarters. There is a difference between the registered headquarters, where the company is domiciled, and the place where business takes place; these two places can be distinct.
Several options are available for choosing the address of the headquarters:
- Professional premises, rented or purchased in the name and on behalf of the company being created (a copy of the lease or the certificate of ownership will serve as proof).
- An address of domicile, serving only as a business address (the copy of the domiciliation contract must be attached to your registration file).
- Domiciling the company in one's own home (provide a copy of a proof of address less than 3 months old in the name of the director and a certificate of availability of a part of the premises). Even if you are a tenant and your lease prohibits any professional activity on the premises, the law allows you to set up registered headquarters at your home address for the first 5 years following registration. A registered letter with acknowledgement of receipt must be sent to the owner to advise him of the use of this mechanism. Your company name must then be clearly identified on the mailbox.
Drafting of the company statutes
They must be established in writing and signed by each partner. Certain information must be included: The form of the company, its purpose, name, headquarters, duration, the identity of contributors, and the amount of the social capital. The signing of the statutes binds the partners to each other. It also sets out the rules for the company being created. It is a crucial step, especially for the creation of a new multi-person company.
The filing of social capital being prior to the signing of the statutes, you will submit draft statutes to the bank to open the bank account. If the statutes do not mention the first director or directors, it will also be necessary to draft a separate deed of appointment.
Opening of the bank account, deposit of social capital and certificate of deposit of funds
It is then time, with your identification documents, draft statutes and deed of appointment of the first director or directors, to open a bank account for your company. This is a delicate step because traditional banks are very cautious where entrepreneurs are concerned. A lot of information will be requested, for example, on development opportunities, an important point for traditional banks. It will also be necessary to negotiate the often high operating costs, which are associated with percentages levied on transactions.
The bank will then issue you a "fund deposit certificate."
We know how time-consuming, complicated and costly these formalities are. That is why we have designed a fast, simple, and modern solution: The opening of a business account in 5 minutes, fully online. Everything is included in the monthly fee of 29.99 Euros, with no hidden costs and no commitment. Click here to obtain your capital deposit certificate.
Signing of the final documents
Upon receipt of the fund deposit certificate, you can date and sign the statutes and all constituent acts before starting the legal formalities for registration.
End of the obligation to have the statutes "registered"
As of 1st July 2015, it is no longer necessary to first register the statutes with the taxation authorities before registering a company. This formality was free but mandatory. Certain banks still request that you provide the "registered" statutes to unblock the account. Make sure you explain to them that this obligation no longer exists. Registration is now purely voluntary, but not particularly useful, and costs 125 Euros.
Placing an announcement in a journal of legal notices
To find the list of journals of legal notices in the department where your headquarters is located:
Most of these journals offer online tools to help you write and validate the announcement that will be published. The copy of the publication certificate must be attached to the registration file.
Submission of the application for registration to the CFE (business registration centre)
You must then submit a registration application to the competent CFE. You can do it online at www.cfenet.cci.fr. The file will be processed once the paper document and supporting documents have been sent, then transferred to the various bodies concerned (centralization initiative) to register the company with the Registrar of the Commercial Court in charge of the Trade and Business Registry, obtain a business registration number (SIRET) and an activity code (APE code) from INSEE (French national institute of economic and statistical information), make the company known to the competent Business Tax Service, and register with the social security scheme for liberal professionals (if any).
The practice of an artisanal activity will require additional registration with the Chamber of Trades.
Receipt of the extrait K bis (company registration certificate)
Upon receipt of the extrait K bis you can unblock the account opened for the constitution of the company, using the means of payment and the funds already deposited.