Company statutes (EURL)
The single-member limited liability company (EURL) is the single-member form of the limited liability company (SARL). Governed by articles L223-1 et seq. of the Code de commerce, it allows a sole shareholder, whether a natural or legal person, to set up a limited liability company while holding all of its shares. Unlike the SASU, the rules applicable to the SARL frame its operation more closely, in particular as regards decisions of the sole shareholder, contributions and the manager's remuneration. These statutes cover all mandatory legal particulars and the usual operating clauses of an EURL. Please note that this form is completed in English, but the document itself is generated in French, ready to be signed and filed in France.
Note: the questionnaire is in English; the generated document is in French.
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Frequently asked questions
What is the difference between an EURL and a SASU?
The EURL is a single-member SARL governed by articles L223-1 et seq. of the Code de commerce, headed by a manager and with shares (parts sociales) as its securities. The SASU is a single-member SAS (L227-1 et seq.), with a president and shares (actions). The EURL offers less statutory flexibility, but its shareholder-manager falls under the social security regime for self-employed workers, which can be advantageous depending on the case.
What is the minimum capital of an EURL?
Since the law of 1 August 2003, no minimum capital is required for a SARL/EURL. A symbolic capital of 1 EUR is legally possible, but banking and commercial partners examine this amount closely. The capital is divided into shares with a freely determined nominal value.
Must the manager of an EURL be the sole shareholder?
No. The sole shareholder may appoint a separate natural person as manager. However, where the sole shareholder is also the manager, they fall under the self-employed workers' regime (TNS) for their social security contributions, which often offers advantages in terms of charges.
How are decisions made in an EURL?
The sole shareholder makes decisions unilaterally, without having to comply with the meeting convening rules laid down for multi-member SARLs. They are simply recorded in a register of the sole shareholder's decisions and set out in a dated and signed minutes. The approval of the annual accounts is nonetheless the subject of a formal decision.
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