Section 2: Sole traders with limited liability

I. – The individual entrepreneur with limited liability may sell for valuable consideration, transfer free of charge inter vivos or contribute to a company the entirety of his earmarked assets and transfer ownership under the conditions set out in II and III of this article without proceeding with its liquidation. II. – The sale for valuable consideration or the transfer free of charge inter vivos of the earmarked assets to…

The individual entrepreneur with limited liability determines the income he pays into his unaffected assets.

Subject to the provisions of Article L. 123-54, the tariff of formalities for filing and transferring the declarations and recording the particulars referred to in this section and for filing and transferring the annual accounts or the document or documents resulting from the simplified accounting obligations provided for in the second paragraph of article L. 526-13 is set by decree. The declaration formality mentioned in article L. 526-7 is free…

The Public Prosecutor’s Office and any interested party may ask the president of the court ruling in summary proceedings to enjoin, subject to a fine, a sole trader with limited liability to include in all his acts and documents his name, immediately and legibly preceded or followed by the words: “Sole trader with limited liability” or the initials: “EIRL”.

The conditions for the application of this section shall be laid down by decree in the Conseil d’Etat.