Company of liberal exercise

The Companies of liberal exercise (SALT) were created to allow to the members liberal professions to carry on their activity in the form of joint stock companies. It is not a question of a new legal structure but of a new mode of exercise of a liberal activity through existing legal structures:

  • SELARL : Company of Liberal Exercise is Limited Responsible

  • SELAFA: Company of Liberal Exercise has Anonymous Form
  • SELAS: Company of Liberal Exercise by Actions Simplified
  • SELCA: Company of Liberal Exercise in Partnership limited by shares.

SALT are subjected to all the provisions envisaged by the law of the July 24th 1966 on the business firms, except special provisions envisaged by the law of December 31st, 1990 which instituted them. Moreover, the decrees on enforcement of a law concerning each liberal profession also lay down specific specificities to each activity. It is recommended to approach the qualified organizations in the professional branches concerned to know them.

Advantages of SALT

Tax mode

Within the framework of the individual exercise, the entirety of the NonCommercial Benefit (B.N.C.) constitutes the plate of the national insurance contributions and the taxable amount of the income tax of the natural persons. This situation leads to the tax and the imposition on the nondeductible loads.

In S.E.L., the nondeductible loads are not chargeable any more under the national insurance contributions and are imposed either on the title of the income tax of the natural persons (IRPP), but on the title of the corporation tax (about 15% then 33,33%). Only remunerations of managers, supplied with an abatement of 10%, constitute the plate of the national insurance contributions. Moreover, the remunerations, considered as wages, profit from an abatement of 10% on the tax level.

The benefit are also imposed on the title of the corporation tax and can be distributed in dividends.

The taxable amount with the title of the income tax is thus consisted remunerations, the dividends and it tax credit, this one constituting a tax credit.

The S.E.L thus makes it possible to optimize the liberal business management by modulating the social costs and the payment of the tax.

Disadvantages of SALT

    Fresh
  • and formalism of constitution
  • Formalism of operation

See too

  • SALT for the doctors
  • Legislative texts:

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