When setting up your company, the share capital is an essential element to take into account. It can be partially or fully paid-up. What is the choice between partial and total capital payment, and what are the terms and conditions?
Rate
100 deducted at the end of the procedure from the amount of paid-up share capital in the account
How does it work?
- Open an Anytime pro account by following the "I haven't created my company yet" procedure.
- An advisor will contact you to explain the various steps to be taken.
- You declare the associates and download the necessary supporting documents
- Each partner makes the capital payment to the IBAN we have previously sent you
- Legal verifications are carried out by our partners
- You will receive a signed certificate of deposit within 72 hours of receipt of the funds.
- Armed with your certificate of capital deposit, you can go to the Registrar's Office to obtain your Kbis certificate.
The capital deposit: an essential step in setting up a company
Share capital is a sum of money paid into a company by its founding partners. These funds may take the form of cash, in-kind or industrial contributions.
Share capital has several functions:
- Financing your first investments
- Provide an overview of your company's financial strength
- Define the shares of each partner
Not required when setting up a sole proprietorship (EI, EIRL or micro enterprise), share capital may be subject to a minimum requirement depending on the type of company created.
- EURL (Entreprise Unipersonnelle à Responsabilité Limitée) / SARL (Société à Responsabilité Limitée): €1
- SASU (Société par Actions Simplifiée Unipersonnelle) / SAS (Société par Actions Simplifiée): €1
- SA (Société Anonyme): €37,000 without public offering or €225,000 with public offering
- SNC (Société en Nom Collectif): €1
Please note that Anytime requires a minimum deposit of €150.
Capital release: what is it?
The funds contributed by the shareholders are specified in the articles of association: as already explained, this is the share capital. The capital is "paid-up" when the funds contributed by shareholders are transferred to the company's account. Paid-up capital is called subscribed capital. Funds not yet transferred by shareholders are referred to as uncalled subscribed capital.
The company is fully paid up when all the partners' contributions have been paid in full. Contributions in kind must be fully paid up when the company is incorporated, which is not the case for cash contributions. This is not the case for contributions of cash or liquid assets, as partners can make an initial payment when the company is formed, and make further payments at a later date. This must be specified in the articles of association.
Partial paid-up capital: advantages and disadvantages
The advantages of partial paid-up capital are considerable, but there are also disadvantages that can jeopardize your business if not properly anticipated.
The advantages of partial paid-up capital
Partners can contribute more funds than they actually have at the time of setting up their company. This gives you a certain credibility with a higher share capital, but gives you time to release the capital gradually.
Paying up capital as you go along can be a regulator: in fact, you can adjust the amount of capital you contribute according to your company's development needs. By injecting capital as you go along, you can regulate the company's expenditure according to its current needs (working capital, investments, etc.).
You can also benefit from a significant reduction in income tax. The larger the share capital, the greater the reduction.
The disadvantages of partial paid-up capital
Partially paying up capital can be a risky gamble, and can be detrimental to the company. Capital must be paid up in full within 5 years. You therefore need a good forecast to be sure of being able to pay up your capital in full within 5 years.
What's more, partial payment of a company's capital does not allow companies subject to corporation tax (IS) to take full advantage of tax breaks. At the close of the financial year, when the capital is fully paid up, the company can benefit from a tax rate of 15% instead of 33% on the first €38,120 of profits.
Finally, to avoid luring creditors with an artificially inflated share capital, at the end of the allotted period, partners may be required to pay interest on the sums due. They may also pay damages to the company if it has suffered loss. Unpaid shares may also be sold.
Terms and conditions for paying up capital depending on the type of company you operate
Depending on the form of your company, if you wish to pay up part of your capital, you will be required to make a minimum contribution at the time of subscription. The minimum capital payment will vary according to the legal form of your company.
- For joint-stock companies (SA, SAS, SASU, etc.), the minimum payment is 50% of the capital in cash.
- For SARLs and EURLs, the minimum payment is 20% of the capital in cash.
- For SCIs and SNCs, payments are made according to **the terms set out in the articles of association***.
The partners must have paid in all the remaining capital within 5 years.
* With the Anytime online capital deposit, SCIs must also pay up 20% when the company is created.
Anytime helps you with your capital deposit, an essential step for your business
Our experts will guide you through the capital deposit procedure from A to Z. Whether you choose fixed or variable capital, or whether you wish to pay up your capital in full or in part***, Anytime is there to support you: you 'll receive personalized telephone support to help you deposit your capital with peace of mind.
* Minimum capital accepted for partial release at Anytime :
- For joint-stock companies (SA, SAS, SASU...), the share capital must be at least €300 (with partial payment of €150).
- For SARLs and EURLs, share capital must be atleast €1,000 (with partial payment of €200).
