Activity in his/her own name

Individuals in possession of the requisite license may engage in an artisanal, professional, commercial or industrial activity.

Where necessary, the individual will register with the Répertoire du Commerce et de l’Industrie (trade register) and declare his/her activity to social security agencies and the tax authorities.

The individual will also take out all mandatory insurance and comply with all current regulations, in particular as regards health and safety.

The individual is liable to the full extent of his/her movable and fixed assets, which constitute collateral for creditors.

This significant risk means that many entrepreneurs to prefer to operate in the form of a corporate entity.