SASU, EURL or auto-entrepreneur? The big differences!

Video transcript

Hi, it’s Alex, today we’re going to see together the main differences between
the legal forms auto-entrepreneur, EURL or SASU. Here we go… So, in fact
the idea is really to make a comparison between the three
the three types of legal forms, and at the end what I’m going to do is to tell you what I
i’m going to tell you what I personally chose for my company
twaino SEO agency. So, first of all, there are three main legal forms
there are three main legal forms, so we’ll start with
self-employed. Self-employed, so from the start, it’s a company
what does that mean? It means that you will
create the business alone, you will grow it alone and
you will potentially close it alone
too. The status of self-employed entrepreneur is someone who is alone, you will not be
you will not be able to bring in partners at any time, it will not be this status.
So there you have it, it’s an individual business, first point. Secondly,
second point, in terms of capital you can start as an auto-entrepreneur
with a zero capital, okay, so it’s not at all blocking at that level
so it’s not a problem at all. Then, on the legal and accounting level, it will be ultra
simplified, which can be really pleasant at first, there are no legal formalities that are
there are no huge legal formalities, and as far as accounting is concerned, you won’t
you won’t need to have a chartered accountant or an accountant, it’s really ultra
it’s really ultra simplified so that, if you have a small budget at the beginning
and you don’t want to invest or have an accountant to do your accounting
accountant to do your accounting for you, with the costs that this can generate, well
that it can generate, well, the status of auto entrepreneur can be interesting for that
be interesting for that. On the other hand, the other element, the auto
entrepreneur, there will be no split, in fact, that’s the point here, there will be no split between your personal assets and your business assets
no split between your personal assets and the assets of your company
company. What does this mean in concrete terms? It means
means that if your company has debts of around 50,000 euros, it means that you will
means that you will be obliged in any case to pay back this amount with your own
with your own money. So, it means that you
either sell your car or your house.
So there you have it, there is no separation between the two, so this is also a point
so this is also a determining point to know when you are a self-employed entrepreneur.
The other important element is also the turnover
you are going to be limited, for the services so for the business in service or the business of
business of selling goods, the level will be different turnover
of turnover per year. In service, it’s 33,100 euros
every year, you can’t exceed this turnover. And for the sales of
of goods is 82,800 euros. So here it is, it can be if you are a beginner
and you have, you do a small service, which brings you less than
33,100 per year, it can be interesting if it’s
if it’s more, you’ll be stuck. The second legal status,
is going to be the EURL, the statutes are going to be mandatory, so you can either
you can either get help from a chartered accountant or a lawyer.
You can also write them on your own, taking inspiration from what has been done by other
done by other companies. Ok, so here it is, then second point
is that unlike the auto entrepreneur, there is a real division
between the personal assets and the company’s assets.
So, if your company is in debt to the tune of 100 000 euros
you won’t need to sell your house or your cars to pay it back
your car, to pay it off. Right!
Then, another element, you will be able to bring in partners, so same thing,
unlike the self-employed entrepreneur who is really alone from the beginning
to the end, with the EURL, you can bring in people, so it’s a lot
people, so it’s much better too, depending on your business perspective, it can be
business perspective, it can be something interesting.
On the other hand, from an accounting and financial point of view, you will have to
you will have to submit accounting and financial documents
and financial documents every year, you’ll have to do a balance sheet for example. By
therefore, it is preferable to have an accountant / chartered accountant to
to help you provide these documents. I agree. Another element and the last element that from my point of view
my point of view, which is not the least, the RSI, so it’s a regime the RSI, so you’re going to depend on the RSI, so every month you’ll be
RSI, so you’re going to depend on RSI, so every month you’re going to pay an amount for RSI
you will pay an amount for the RSI. If you don’t know anything about the RSI, I advise you
of the RSI, I strongly advise you to go and have a look
after this video, on the internet, on forums, even on youtube, to see the
to see the experiences and the feedbacks about the RSI. Overall, it can
quickly turn into a kind of horror movie.
So, I don’t recommend the IHR at all, at least, I’ve never seen a case where it was
i’ve never seen a case where it goes well. So overall, after that you do as you like, but it can be
you want, but it can be a system that is, quotation marks, a bit risky
a bit risky. Here is the last element, the SASU, the SASU
so as for the EURL, we have compulsory statutes that have to be
to be filed. So SASU or SAS, in fact the
difference, SASU you start alone, and SAS you are directly with
several partners. So, this is
the big difference between the two, but knowing that the SASU, the objective is to
also to say that we can make a forecast to be able to integrate partners later on in the
partners in the future. Ok! As far as start-up costs are concerned, we have
500 euros, and we also have to consider management costs, especially
management costs, in particular accounting management costs, because indeed
exactly like the EURL, there will be financial statements and accounting
and accounting elements to be provided so that all things are done in order
order. The other element that is different from the EURL
is the fact that there is good social security coverage for the SASU
difference. The other element for the SASU,
you will have much more flexibility in terms of the payment of salaries and
payment of salaries and dividends. So, you will be able to really do
a kind of tax optimization, between paying either in
salary or in dividends. So this can be an element that can
be interesting depending on what you want to do, and it’s something
and this is something that is not proposed in the EURL, but it is clearly an advantageous
advantageous element, and the last element that is advantageous
is the fact that you avoid the RSI. So for my agency, TWAINO
i’m not going to go for a self-employed status, because in fact I have an
i have an expected turnover of more than 33,100 euros this year, so it’s
33,100 this year, so it’s not a status that will be optimal for me at first
at first. But if this is not the case for you, if you
plan to have a turnover of less than 33k, clearly the status of
is extremely advantageous, and it really simplifies things
simplifies things. So depending on your situation, it can be
something the auto entrepreneur can be really interesting. From a
point of view, I absolutely want to avoid the RSI system
system, as I’ve made clear to you, it’s not at all a system that suits me and that
that suits me and makes me dream, let’s say, so I want to avoid it
absolutely. So the idea
will be for me to set up a company that will be a SASU and
which will allow me to have much more flexibility in the terms of payment, with the
the payment methods, with salary and dividends. So of course
obviously the status of the company, it really depends on your type of business, your ambition
business, your ambition. Overall, the idea with this video
was really to summarize the different elements and the major differences between SASU, EURL and
differences between SASU, EURL and auto entrepreneur
but overall, if you need to, if you feel that you are completely lost, I advise you
completely lost, I would advise you to do several things. Firstly, spend some time
time to read blogs specialized in the field
to really try to understand what the different levers are,
secondly, if you’re really not interested
get in touch with a chartered accountant or
get in touch with a lawyer, it can be really important. Me
the objective of this video is not at all to pretend to replace these professions
to replace these professions, it was simply to give you a quick overview of
it was simply to give you a quick overview of the major differences between these different
and also to be able to tell you which one I’m going to work towards personally,
to set up my company, so So that’s it for this video
i hope you enjoyed it and that it interested you
see you soon for the rest…

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