Self-employed status, ideal for selling cars

Still known as an independent natural person, the self-employed status is very appreciated by car salesmen. It offers them a flexible and streamlined approach on an administrative level. You can therefore get started in car sales without too much difficulty. The advantages of the legal status of self-entrepreneur are very numerous.

Simplicity in the administrative procedures of your company

Choosing self-employed status allows you to avoid the bureaucratic red tape associated with creating a car sales business. The formalities to complete are very simple and do not require much hassle. This generally concerns the payment of social security contributions, declaration procedures, etc.

This legal status promotes efficient management of your car sales business and saves time. As a self-employed person, you mainly focus on the development of your micro-enterprise and on the opportunities that arise in the automobile sector.

Numerous tax advantages with self-employed status

By choosing self-employed status for car sales, you benefit from tax relief during the three years following the launch of your activity. Tax rates are also simplified for your business. However, you do not have the possibility of deducting your purchases when declaring your company's annual turnover. You will therefore not be taxed on your net profit, but rather on the resale price of the cars.

With self-employed status, you can not only sell vehicles, but also offer other ancillary services such as repair, rental, or car maintenance. You can also benefit from advice and assistance from private and public organizations.

SAS or SASU, a status that offers flexibility

The simplified joint stock company (SAS) is also an interesting legal form for an entrepreneur who wishes to launch into car sales. This legal status offers your business greater flexibility and protection than that of a self-employed person. The SAS protects your social assets even if you have debts or financial difficulties. The same applies to the SASU (simplified single-member joint stock company). Unlike the SAS, this company has only one partner.

No minimum capital is required for your business

The legal status of SAS or SASU  is very suitable for selling used or new cars. Choosing this option gives you the possibility of adapting the internal rules of your company according to the needs of the automotive sector.

The creation of a simplified joint stock company as a car seller does not require having a minimum share capital. You can therefore launch your car sales activity with a symbolic €1. In addition, the partners are responsible for the amount of their contributions. This provides additional security in the auto sector where financial risks can be very significant.

Interesting taxation for your job as a car salesman

The creation of a SAS or SASU in car sales, however, requires slightly more complex procedures than that of a micro-enterprise. You will have to, among other things, draft statutes, make the necessary registrations with the competent authorities, and appoint a manager for your company (in the case where there are several partners in the SAS).

These legal statuses also benefit from advantageous taxation. The SAS allows, for example, to optimize the deductible expenses linked to your activity as a car seller. We are thinking in particular of the costs relating to the purchase of vehicles, advertising, or car maintenance.

SAS and SASU are subject to corporate tax (IS). Dividends from these forms of business can benefit from the movable income regime, with a reduced tax rate according to certain conditions defined by tax law.

The SARL, no share capital required for the profession of car salesman

Are you looking for a status that can offer a balance between flexibility and limited liability for your car sales activity? The limited liability company (SRL)  may very well suit you. This is a legal form chosen by many entrepreneurs because of its many particularities.

What are the benefits of starting an online business?

Creating your business online is an alternative that allows you to make considerable savings. As part of the creation project, you can manage the formalities yourself. However, you will need to have a certain level of knowledge and be vigilant to avoid making mistakes. You have the option of delegating the creation of your online business to a lawyer or accountant. This option can help you save time, and benefit from personalized follow-up and quality service.

Online platforms also offer support services regarding the procedures relating to the creation of an online business. These platforms can facilitate administrative tasks such as drafting statutes, publishing tax notices, and registration formalities. Creating your business online is a solution that is both less expensive, and simpler and offers the possibility of better standing out against the competition. All procedures are carried out remotely and at a lower cost.

What legal form can you choose to create your business on the Internet?

To create an online business, you must choose its legal status properly. Also called legal form, it designates the legal framework which governs the activity of the company. You must opt ​​for a legal status adapted to the needs of the company insofar as it determines its operation and its applicable social regime. Legal status also influences the rules relating to organization and decision-making within society.

In choosing the legal status, you must take into account the number of people involved in the business creation project and the type of activity. If your company's project is carried out by a single person, the business takes the form of a sole proprietorship. In this case, you can choose between the status of micro-enterprise, SASU (single-member simplified joint stock company), or EURL (single-member company with limited liability).

When the project to create an online business is carried out by several people, choose one of these legal statuses:

• SARL (limited liability company),

• SA (public limited company),

• SNC (general partnership),

• civil societies…

Depending on the nature of the activity of your future company, opt for a legal status that can offer you a simplified management method and an advantageous tax regime. At SeDomicilier.be, experts can help you choose the legal form suited to your business.

Creating an online business: what are the steps to follow?

The steps for creating an online business may vary depending on the legal form chosen by the entrepreneur. The formalities to be completed for sole proprietorships are relatively simple. The procedure for creating a self-business, for example, includes declaring the company to a one-stop shop and its domiciliation. It also includes the registration of the micro-enterprise and the subscription of professional insurance. For certain areas of activity, you must take out professional liability insurance (RC Pro). Regarding other business models, the creation procedure requires specific steps.

Drafting of the company's legal statutes

To write your legal statutes electronically, you can download a model yourself from a reliable website and then complete it. In this case, you must ensure that the model includes all the mandatory information as well as the additional clauses that must appear on the document. Online company statute models can present a certain number of risks and it is often not possible to hold the drafters of the model liable in the event of unfair clauses or disputes. This is why you must use an online service provider specializing in drafting company statutes.

If you opt for this solution, you will need to provide all the necessary information. In most cases, the entrepreneur is required to complete an online questionnaire. Depending on the type of service that the entrepreneur chooses, the legal statutes of the company can be drawn up by a lawyer or generated automatically.

Publication of a legal notice online

After validation of the legal status of the company, a  legal announcement must be drawn up and published by the entrepreneur. This stage of creating an online business involves informing the public and ensuring transparency of your company. Publication must be made in an online legal announcement journal (JAL). In the ad publication form, carefully verify all the information requested for your business.

Capital deposit for your company online and signing of legal statutes

Opening a professional account in the name of the company is necessary if the company requires share capital. The latter represents in particular the financial resources of the company and can be made up of contributions in kind or in cash. Depositing cash contributions is generally not possible in an online blocked account.

For this, it is preferable to go to a banking establishment to make the deposit of the company's share capital and obtain a certificate. The statutes of your online company must be duly signed after the deposit of the share capital. The signature can be done electronically.

Online transmission of the company registration application online

For the legal existence of the company, registration is an essential step. It allows you to have an APE code, an SIRET number, and an intra-community VAT number depending on the type of company chosen. Concerning registration, as an entrepreneur, you must create an account on the one-stop shop, complete an online form then provide the documents requested for your company. Payment of registration fees can be made by credit card.

Find a start-up idea

Creating a start-up, as with all other types of businesses, begins with finding an idea. To get started successfully, you must first find an idea that is innovative, relevant, unique, and likely to interest a large number of people. It must also please the various partners otherwise some will withdraw from the project.

Your start-up must provide an effective solution to a problem that other people are facing. To find a good idea for your business, you must therefore identify and analyze the most recurring problems in a given situation. Then think about the best way to solve these problems.

Failing to find a  new and unique concept, you can draw inspiration from an existing idea. This involves copying the idea of ​​an existing project which is still in its early stages and working to improve it. Before choosing a start-up idea, check that it really corresponds to your project, your qualifications, and your skills.

Conduct market research for your business

Once you have found the perfect startup idea, you need to proceed with market research. This helps ensure the relevance of the chosen idea. The market study consists of a documentary, quantitative, and qualitative analysis. This step includes defining and analyzing the market, identifying your potential competitors and partners, as well as estimating potential and future demand.

The market study also includes an analysis of the environment, as well as the project. This comes down to identifying external factors that are capable of influencing the market such as technological, economic, regulatory, and social trends. These different steps will help you identify your target audience, as well as your typical customers.

Write a solid business plan for your start-up

The next step in the process of creating your company is the construction of a solid and relevant business plan. The realization of the latter offers you the possibility of materializing and structuring your project. It is done from the start of the project, to ensure its sustainability.

In addition to allowing the evaluation of the feasibility and profitability of the project, the business plan also serves as a management tool at the start of the activity. This document will be useful for you to explain your project clearly and precisely to investors. The business plan contains different information. Here we find the presentation:

• of the market (identification of customers, competitors, etc.),

• of the service or product offered,

• of the start-up's business model,

• of the team (competent, motivated profiles who share the same ambition),

• of the financing plan,

• of the provisional income statement.

With a costed and convincing business plan, you have a better chance of obtaining financing for the creation of your start-up. There are ready-to-use business plan templates that you can use as inspiration to write an impactful document.

Seek funding to set up your business

The question of financing is certainly the most feared by entrepreneurs who wish to launch their start-ups. Without financing, your business creation project risks failing. This is why you must ensure the sustainability and success of your project by seeking financing. Entrepreneurs generally have to use personal funds to set up their new businesses.

If your personal contributions are insufficient to fully finance the project, you can ask for help from members of your family or friends. This form of financing is called “Love money”. Several other means also exist to finance your start-up creation project. You can approach banks to take out a bank loan. This solution is ideal for people who have a solid business plan and who have guarantees.

There are numerous public aid for business creation in Belgium, but it depends on the sector of activity of the structure and the region in which it is established. For example, SRIB (Brussels regional investment company) offers financing to Brussels startups in innovative sectors such as economic transition, artificial intelligence, and technology.

Another fairly common method of financing for this type of company is the use of business angels. The latter are investors who finance startups by providing equity and become minority shareholders in the company. Crowdfunding or participatory financing is also a good way to finance the creation of your structure. This method of financing takes 4 forms:

• the gift,

• counterpart crowdfunding,

• crowdlending,

• capital crowdfunding.

The latter is commonly used for startups.

Choose a social form for your start-up

For your business to operate legally, you must choose a legal status. A start-up can adopt different legal forms, but the SRL (limited liability company) and the SA (public limited company) are the most recommended for the creation of such a company in Belgium. To choose the ideal corporate form, you must take into account your activity and think about the prospects of your young business.

Do you intend to embark on the adventure alone or with partners? Have you considered the possibility of bringing in new partners after the launch of the start-up? Do you want your business to grow fairly quickly? Ask yourself all the right questions before choosing a legal status for your company.

Launch your start-up

The last stage of this project involves the launch of the start-up. Once the legal form has been chosen, you must complete the other formalities. This will generally involve drafting, filing, and registering the statutes of your start-up and declaring the company's activities. You must also register the company with the ECB and publish your activity in the JAL (legal notice journal).

The domiciliation of your start-up is an essential step in its registration since the address of the head office will be mentioned on the ECB extract. Choosing a good domiciliation address is crucial to giving a professional image to your company from its creation and strengthening your credibility with investors. To find an interesting address in Belgium, turn to a  domiciliation company like SeDomicilier.

We offer you a wide selection of prestigious addresses to domicile your start-up. Online domiciliation with our company helps you save time and energy. With an online signature, you obtain your domiciliation contract quite quickly. Benefit from an offer with no administrative fees and is completely transparent, as well as a fast, professional quality service with SeDomicilier.