Independent Business: which status to choose, according to what criteria?

Employee, , self-employed: which status to choose, according to what criteria?

✋First, what is Independent Business?
It is a form of commerce made up of outlets managed by individual traders or independent legal entities

There are two independent forms of trade
👉Isolated independent trade consists of:
🆇 Small retailers managing autonomously and isolated a point of sale

🆇 A large number of retail outlets
👉Organized trade:
1- Associated trade
2- Franchise

✋In preamble
 Choose his status after the commercial, economic and financial analyzes of his project
🆇 Be accompanied
🆇 Do not choose a legal status for its simplicity
🆇 The determination of the status is made according to each person, of each personal situation

✋What company you want to create?
🆇You will create a craft, industrial, commercial or liberal enterprise.
🆇You will have to choose a legal status that constitutes the legal framework in which you will operate.

🆇Your social welfare regime will depend on the legal form of your business and your status within the company.

✋What are the main criteria determining your choice?
🆇 The nature of your business
🆇 The will to exercise alone or with partners
🆇 The Contractor's Social Scheme
🆇 The tax system

✋The nature of the activity
🆇 Depending on your activity, you will be an artisan, an industrialist, a trader or a liberal professional.
🆇 Check the legal qualification of your activity by consulting professional bodies, chambers of commerce or chambers of commerce.
🆇 Your activity can be exercised in different legal forms depending on its nature.
🆇 Some activities impose obligations such as licensing or registration: tobacco, driving school, pharmacy, taxi, moving company...

✋The will to exercise alone or with partners
Working alone: Individual business is the simplest and most used form of small business.
✅The individual company: main characteristics 
🆇You are the only master on board
🆇Formalities related to start-up are reduced
🆇The name of the company is yours
🆇No share capital
🆇The manager's personal and professional wealth is confused: you are liable for the debts of the company to all of your property and your spouse's property if you are married under the community regime (unless a declaration of exemption from seizure)

🆇The profits of the enterprise are confused with the remuneration of the manager and are included in the calculation of the income tax and contributions and social contributions

Work with partners:
You must deal with the other partners. The number of units held will determine the control and management of the company.
✅The company: main characteristics
🆇Creation of a new legal person (legal entity)
🆇The executive acts on behalf of the company: it is accountable to its partners, decisions are made collectively
🆇Administrative formalities are more cumbersome and costly than for the creation of an individual enterprise
🆇Social capital is needed
🆇The assets of the company are distinguished from the personal wealth of the directors
🆇The profits of the company are distinguished from the remuneration of its managers

The company: the possible statutes of the company and its managers

🆇EURL: sole shareholder, single non-managing partner (SEW*) / non-affiliated manager (EAW**)
🆇SARL: majority managing partner, non remunerated majority non-managing partner, majority management board (SEW) / minority shareholder or equal paid manager,
🆇SAS : Paid President, Paid Officer (EAW)
🆇AMP: Associate Managing Partner (SEM) / Non-Managed Associate (EAW)

🆇SA : Paid CEO, member of the employee board (EAW)
✅PS:
* SEW: self-employed worker

** EAW: employee-assimilated worker

✋Advantages and disadvantages of individual and associate companies
Advantages of Individual companies:
✅1 solely responsible: full powers of the contractor
✅No contribution of capital
✅Formalities and reduced costs

✅Evolutionary status

Disadvantages of Individual companies:

✅Personal and professional assets combined (responsible for debts on personal assets)

✅Profit of the company confused with the remuneration of the contractor.

✅Possibly need to modify his marital property regime in order to protect the family patrimony.

Advantages of Associated companies
✅Liability limited to the amount of the contributions (except for lack of recognized management)
✅Choice of tax system under certain conditions
✅Capital may be created with contributions in kind

Sustainability of the company on the individual

Disadvantages of Associated companies
✅Minimum Share Capital
✅The officer acts on behalf of the company and not in his own name
✅It is accountable to its partners
✅Formalities more expensive (statutes, drafting of minutes of assembly, filing of accounts of the company at the registry ...)
✅Annual Formalism (Assemblies)

Which one is the best?

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How to Empower Your Team Using Employee Communication Tools

Empowerment is not just another trendy buzzword, it's a business strategy that can significantly improve your business processes and make your workforce that much more effective. There are many tools you can use to empower your employees but internal communication tools allow you, the manager to sit back, do your job and leave the micromanaging to the amateurs. Sound pretty good, right?! Let's understand just how we can do that.  

Empowerment is not just another trendy buzzword, it's a business strategy that can significantly improve your business processes and make your workforce that much more effective. There are many tools you can use to empower your employees but internal communication tools allow you, the manager to sit back, do your job and leave the micromanaging to the amateurs. Sound pretty good, right?! Let's understand just how we can do that.  

SELF-SUFFICIENCY TO FOSTER EMPLOYEE EMPOWERMENT

Just as parents raise their children with the goal of moulding them into amazing self-sufficient human beings who function well in society, managers don't want their employees constantly tugging at their corporate apron strings.

As a manager, you can help them do this by:

• Identify strengths: If your employees are remote workers, it may be hard to get to know them in person and develop close working relationships. Luckily, technology is here to help us traverse the the geographical divide. Employee apps are a great tool for managers who want to connect with their desk-less team. You can get to know them by creating an on boarding survey within your employee app, asking them to identify their top strengths and experience.Leadership experts believe that giving employees roles that fit their individual strengths leads to efficiency and organizational success. Now doesn't that sound awesome?!

• Streamline processes and procedures: When an Organization is structured properly, employees know where to turn to for what they need. When a manager sets up policies, procedures, and processes to effectively manage a team, employees don’t need to constantly come to the manager since they already know what to do. If you are managing a few retail stores, for example, you can upload work procedures like check-lists to ensure on-the-job compliance. You can also set up an on boarding e-learning procedure so that every new employee trains to become self-sufficient in their role.

• Don’t micromanage: If you want your employees to be self-sufficient and independent, let them! When an employee joins your team, they may need more support and management; when they are fully trained and ready to fly, let them fly! Of course there are exceptions with problematic employees who need more support and guidance, but for the majority of workers, if you train them, make sure they have the knowledge, trust them, they will be self-sufficient if you allow them to be.

• Empowerment starts with trust: If you are constantly nagging your employees, never letting them explore and be creative, then they will never become "empowered". A manager must give the space for them to ask questions and feel a sense of pride and ownership over their roles. Having remote workers may give you a leg up in this, because 82% of remote workers report lowered stress levels, because they say they work in an environment they are comfortable with. Distance does introduce certain challenges, especially with regards to internal communications and workforce efficiency, but distance may not be a bad thing after all.

• Reward empowerment and good performance: Praise and accolades are nice but what better way to enhance productivity than with actual rewards? Rewards like bonuses, raises or promotions can be distributed and announced by using your own company app and reaching your team while away from their desks. Don’t know where to start? Start small with weekly “shout-out” messages on your for all employees to see. Positive, public recognition, even though seemingly small, is a motivation booster and keeps the good vibes going.

OWNERSHIP AND REWARD

Over $10 billion is lost annually due to high employee turnover rates. On the flip side, companies with employees that report feeling encouraged and involved in the company's goals and operations outperform those with with disengaged employees by 202%. Let’s dig into how managers can give space for empowerment, leading to a sense of ownership, pride and reward:

GREAT MANAGEMENT IS ABOUT GREAT COMMUNICATION

It’s a wonder how far a small tool can take you. No one ever thought mobile phones could work wonders and become miniature computers, as they are today. So employee communication tools, seemingly small, can do wonders for your team. A tool like this can foster employee empowerment by allowing workers to become self-sufficient, independent, with a sense of ow 

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