BOOK V: Commercial paper and guarantees.

For the application of the second paragraph of Article L. 526-6, the assets, rights, obligations and securities necessary for the exercise of the professional activity are those which, by their nature, can only be used in the context of that activity.

An optional standard model of descriptive statement is approved by joint order of the Minister of Justice and the Minister for the Economy. The single body mentioned in Article R. 123-1 makes this standard model statement available to the sole trader free of charge and by electronic means.

An optional standard form of agreement of the joint spouse in property or co-tenants given in application of Article L. 526-11 is approved by joint order of the Keeper of the Seals, Minister of Justice, and the Minister for the Economy. The single body mentioned in Article R. 123-1 makes this model available to the sole trader free of charge and electronically.

Persons who have made a declaration of assignment pursuant to Article L. 526-7 and benefiting from the schemes provided for in articles 50-0, 64 bis and 102 ter du code général des impôts tiennent: 1° Un livre des recettes et, lorsque la nature de leur activité le requiert, un registre des achats, tels que prévus à article L. 123-28 ; 2° On 31 December each year, a statement updating, in…

Each bank account opened by the entrepreneur for the purposes of the business activity to which assets have been assigned must contain in its heading the name provided for in 2° of article R. 526-3 as well as the words: “entrepreneur individuel à responsabilité limitée” or the initials: “EIRL”.

Within one month of renouncing the assignment provided for in Article L. 526-15, the sole trader shall cause a notice thereof to be entered in the register to which he is subject pursuant to Article L. 526-7. Within two months of renunciation, he shall file in the said register an updated descriptive statement of the assets, rights, obligations or sureties assigned to the business activity in kind, quality, quantity and…

The transfer for consideration to a natural person or the inter vivos transfer for no consideration of the affected assets, the transfer to a sole trader or a legal entity of these assets or their contribution to a company are published in the month of their date at the request of the transferor, donor or contributor, in the form of a notice in the Bulletin officiel des annonces civiles et…

The creditors mentioned in the fourth paragraph of III of article L. 526-17 shall submit their objection to the competent court in accordance with the rules of ordinary law within one month of the publication mentioned in article R. 526-13.

When the individual entrepreneur with limited liability modifies the professional activity for which he has made a declaration of assignment of assets and this modification requires him to be registered in another register, he applies for a new registration via the single body mentioned in article R. 123-1 and indicates, together with this application, the place and register of his previous registration for the purposes of the transfer provided for…