Creating a road transport company is not something to be taken lightly. Whether it involves freight transport or passenger transport, it is essential to meet a number of requirements to comply with regulations and to complete various administrative procedures. The choice of the company’s status is crucial here, as the administrative, legal, tax, and accounting consequences will differ. We will clarify this in this article.
What are the different legal forms for a transport company?
Today, when starting a business in the field of road transport, it is essential to consult experts who will assist you in your procedures. This is the case with Kbis Transport. Generally, experts agree that 4 legal forms are suitable for the road transport sector.
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- Simplified joint-stock company or SAS
- Simplified single-member joint-stock company or SASU
- Limited liability company or SARL
- Single-member limited liability company or EURL
The individual business regime is not suitable here since most transport companies are intended to employ staff. However, an entrepreneur who wishes to operate with a single vehicle can obtain a self-employed status.
Generally, experts advise future leaders of a transport company to create an SAS or SASU.
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How to choose the status of your business?
The choice of a company’s form is made based on certain factors.
The social status of the directors
For a multi-director management, one would choose the SAS or SARL. For a sole management, one would opt for an EURL or SASU. Directors of SAS and SASU contribute to the general social security system, while directors of EURL or SARL contribute to the independent workers’ system. The choice of status also depends on the status one wishes to give to the spouse if he or she works in the company.
The tax regime
Generally, SAS, SASU, and SARL are subject to corporate tax, but it is possible to opt for income tax in certain cases. It is important to define your tax needs by consulting a business creation expert.
The accounting regime of the company
Depending on the company’s status, the accounting rules will differ. It is important to be well advised.
The cost of creating a transport company
This can be a factor to consider knowing that a transport company must necessarily have a financial capacity whose amount is determined by law based on the weight and number of vehicles. It is also necessary to anticipate the costs related to drafting the statutes, registration fees, and publication costs.
The prospects for the evolution of the company’s status
Ensuring the sustainability of a business in the field of road transport requires evolving the status of the company. For example, acquiring a new vehicle requires updating its financial capacities. Benefiting from the advice of an expert firm allows one to make the right decisions at the right time.