Subject category:
Entrepreneurship
Published by:
NEOMA Business School
Version: 5-Apr-2022
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