Droit Des Affaires

Director liability can reach personal assets, despite the company. Mismanagement, action for shortfall of assets, faults separable from office, tax liability, bans on managing and how to protect yourself.

An unpaid invoice is often recovered without litigation, provided you act fast. Statutory payment terms, late penalties and the €40 fee, formal notice, order for payment, interim relief and limitation periods.

Setting up a company now runs through the one-stop shop, with articles of association, paid-up capital and a legal notice. Choosing between SAS and SARL, the real cost, the director's status and the traps in template articles.

A shareholder dispute quickly paralyses a company. Abuse of majority or minority, management audit, interim administrator, exclusion clauses, share buy-outs and dissolution for just cause: the ways out.