A good study related to Italy will tell you not to open a sole proprietorship but only a capital company, for example a SRL. There are many things you don’t know about this corporate legal form. Here are some of them.
LA SRL PROTECT
A limited company caution the partners in the event of bankruptcy. This is because there is a total separation between the activity you have carried out and your personal things such as the house, the car and your money. A SRL protects you from tax and Equitalia, because it separates your personal assets from that of the company, so if your company undergoes an assessment it will pay with its capital and that’s it. Not even banks and creditors will be able to put forward words.
SRL IS MORE PROFESSIONAL
SRL is more professional. In the eyes of the customers you will look like one who understands enough, while if you have a simple company, then it means that you do not have the money to afford something better, like a capital company. The same goes for the bank, because in the branch they will understand that you are not an ordinary person: if you started with an SRL, then you are certainly one who has clear ideas (and who has a little money to spend).
SRL HELPS YOU IF YOU HAVE TO JOIN A MEMBER
Have you ever seen someone sell the shares of a sole proprietorship? In fact, it cannot be done according to Italian law. So, if your business as a sole proprietorship expands, you are almost certainly forced to transform it into SRL, so in the end you spend three times as much compared to doing things right from the start!
WITH THE SRL YOU PAY LESS TAXES
You and your SRL are actually two different people and you can organize things that with the sole proprietorship are unthinkable. The moment your turnover starts to grow, with an SRL you have the advantage of taxes with the fixed rate. If you start having a lot of profits with the sole proprietorship you will be taxed over 40%, while with the SRL you stop at 27.5%.
Also with the SRL you can keep under control the INPS contributions. In light of what then, if someone had told you that a capital company like SRL costs a lot and is not convenient, the time has come to turn around and evaluate in detail what it offers you. Contact professionals law firm Italy and clarify your position, you will see that the rest will come by itself.