French Commercial code
In forceTo carry on his business as a sole trader with limited liability, the sole trader assigns to his professional activity assets separate from his personal assets, without creating a legal entity, under the conditions set out in article L. 526-7.
These assets are made up of all the property, rights, obligations or securities held by the sole trader and required to carry out his business activity. It may also include the assets, rights, obligations or sureties held by the sole trader, used to carry on his professional activity, which he decides to assign to it and which he may subsequently decide to withdraw from the assigned assets. A single asset, right, obligation or security may only be included in the composition of a single assigned patrimony.
By way of derogation from the previous paragraph, a sole trader carrying out an agricultural activity within the meaning of article L. 311-1 of the Rural and Maritime Fishing Code may not allocate the land used to run his business to his professional activity. This option applies to all the land owned by the farmer.
To carry out the professional activity to which the assets are assigned, the sole trader uses a denomination incorporating his name, immediately preceded or followed by the words: "Entrepreneur individuel à responsabilité limitée" or the initials: "EIRL".
