Product details

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Subject category: Entrepreneurship
Published by: NEOMA Business School
Originally published in: 2022
Version: 5-Apr-2022
Length: 8 pages
Data source: Published sources

Abstract

A father, who was previously employed, decides to create a car dealership. The problem of the choice of the legal structure (protection of the family patrimony, personal risk...) arises. Having initially opted for the Individual Limited Liability Enterprise, the development of the activity leads the father to migrate to the Limited Liability Company by associating other members of the family... The balance sheet of the creation of the LLC allows, among other things, to value the commercial activity that he brought to it. The life of this limited liability company successively addresses the fate of the commercial premises (until then the personal property of the director), the guarantees of the financing it solicits, the characteristics of the commercial leases, the abuse of corporate assets and the sale of the company.

Featured company

Peter and Mary
Employees:
1
Turnover:
EUR 3 million
Type:
Self-employed
Industry:
Car retailor
Other keywords:
Sole trader; Entrepreneurship; Family business; Business development

Featured protagonist

  • Peter (male), Manager of the company

About

Abstract

A father, who was previously employed, decides to create a car dealership. The problem of the choice of the legal structure (protection of the family patrimony, personal risk...) arises. Having initially opted for the Individual Limited Liability Enterprise, the development of the activity leads the father to migrate to the Limited Liability Company by associating other members of the family... The balance sheet of the creation of the LLC allows, among other things, to value the commercial activity that he brought to it. The life of this limited liability company successively addresses the fate of the commercial premises (until then the personal property of the director), the guarantees of the financing it solicits, the characteristics of the commercial leases, the abuse of corporate assets and the sale of the company.

Settings

Featured company

Peter and Mary
Employees:
1
Turnover:
EUR 3 million
Type:
Self-employed
Industry:
Car retailor
Other keywords:
Sole trader; Entrepreneurship; Family business; Business development

Featured protagonist

  • Peter (male), Manager of the company

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