Section 3: The status of the sole trader

I.-For the application of the second paragraph of article L. 526-22, the assets, rights, obligations and securities held by the sole trader, which are useful for the professional activity, are those which, by their nature, purpose or object, are used for this activity, such as: 1° a business, a craft business, an agricultural business, all the tangible or intangible assets that make them up and the rights relating to them,…

To carry out the professional activity referred to in the first paragraph of article L. 526-22, and without prejudice to articles D. 123-235 and D. 123-236, the sole trader uses a name incorporating his surname or usual name immediately preceded or followed by the words: “sole trader” or the initials: “EI”. The name appears on the documents and correspondence used for professional purposes by the person concerned. The name appears…

I.-On pain of nullity, the act of renunciation provided for by article L. 526-25 of the French Commercial Code shall contain the following information concerning the sole trader renouncing the protection of his personal assets and the beneficiary of the renunciation: 1° With regard to the sole trader renouncing protection of his personal assets: . a) The sole trader’s name at birth, surname at use, forenames, nationality, date and place…

A standard form of waiver is approved by order of the minister responsible for the economy. If the beneficiary of the waiver is a credit institution or finance company within the meaning of Article L. 511-1 of the Monetary and Financial Code, it shall provide a copy of the standard model free of charge to the sole trader who requests it.

I.-The transferor, donor or contributor shall publish, at his own expense, the universal transfer of business assets provided for in article L. 526-27, in the form of a notice in the Bulletin officiel des annonces civiles et commerciales or an announcement in a medium authorised to receive legal announcements in the department in which the business is carried on, no later than one month after it is completed. This notice…

The creditors mentioned in article L. 526-28 shall lodge an objection with the competent court in accordance with the rules of ordinary law within one month of the publication mentioned in article D. 526-30.

The debts for social security contributions referred to in the fifth paragraph of article L. 526-22 may not be the subject of the transfer provided for in the second paragraph of article L. 526-27.