Would I Feel Implantion Occuring

EURL: abolition of the requirement to prepare a management report

Following the publication of Decree No. 2011-55 of 13 January 2011, the establishment a management report for EURL and SASU no longer mandatory.

Now, companies unipersonal Limited (EURL) and the Corporations simplified single shareholder (SASU) in which the shareholder, natural person, assumed direct management or the chair can be provided to establish the MD (see Article L. 232 - 1 of the Code of Commerce) provided they do not exceed, at the close of a financial year, two of three following thresholds:

• 1,000,000 euros of total assets,
• 2,000,000 euros in sales revenues excluding taxes
• 20 employees.

Therefore, only the annual accounts (balance sheet, income statement and annex) and decisions the shareholder are to be deposited each year in the court of commerce.

See also: "Waiver of MD for some SAS and SARL"

the Press of Adafec (http://adafec.blogspot.com)