Statutory Duration of a Company in France
Introduction When creating a company in France, the founding shareholders must draft articles of association (statuts) that define the legal identity and operation of the company. These articles must contain a number of mandatory elements: the legal form, the registered office, the company name, the corporate purpose, the share capital, and — often overlooked but […]
Drafting Articles of Association for a French Company
When incorporating a company in France, one step is absolutely essential: the drafting of the articles of association (statuts de société). These statutes are not merely an administrative formality. They are the legal “constitution” of your business, shaping its identity, its governance, and its relationship with partners, heirs, and third parties. Because of their central […]
What is a corporate purpose (“objet social”) and why it matters?
The corporate purpose (“objet social”) of a French company is an essential component of a company’s bylaws. It determines its activity, frames its operations, and serves as the foundation of its legal validity. Since the reform introduced by the PACTE Law, other notions such as the “purpose clause” (raison d’être) or the status of a […]
What is a SPESAS?
A SPESAS (“Société Pluriprofessionnelle d’Exercice par Actions Simplifiée”) is a Multi-Professional Practice Company, formed as a SAS. The SPESAS is an innovative legal structure, created to allow the joint practice of several regulated professions (“professions libérales réglementées”), mainly in the legal, accounting, and technical fields. It constitutes a variation of the SPE (“Société Pluriprofessionnelle d’Exercice”) […]
What is a SPFPL?
A Holding Company for Regulated Professions (“Société de Participations Financières de Professions Libérales” – SPFPL) is a company whose purpose is to hold shares in Professional Practice Companies (“sociétés d’exercice libéral” – SEL), while complying with the specific rules governing Regulated Professions (“professions réglementées”). It enables professionals of regulated professions (“professions libérales réglementées”) to structure, […]
