SINGLE-PERSON LIMITED LIABILITY COMPANY (EURL) and the GDPR

The sole proprietorship with limited liability (EURL) is a legal business structure in France that is similar to the Limited Liability Company (SARL) but is operated by a single person, called the sole shareholder.

The Single-Member Limited Liability Company (EURL) is intended for an individual wishing to create a limited liability company but who wishes to be the sole shareholder. This legal form is particularly suitable for entrepreneurs who wish to benefit from the advantages of limited liability while retaining full control of their business.
The EURL is a form of business suitable for activities requiring a larger initial investment than for a sole proprietorship (EI), and for which the entrepreneur wishes to limit his financial liability to the contributions he has made to the company.
The EURL is also suitable for entrepreneurs who wish to facilitate the transfer of their business to their heirs, by organizing the transfer of their shares within the framework of a shareholders' agreement or a transfer clause.

Finally, the EURL is suitable for liberal professionals who wish to carry out their activity in the form of a company, while limiting their financial liability.
It should be noted, however, that the EURL requires a certain level of formality, particularly in terms of drafting the articles of association and holding meetings of the sole shareholder. Furthermore, the manager of the EURL is subject to certain social and tax obligations, particularly in terms of social security contributions and declaration of results.
The EURL allows the entrepreneur to benefit from limited liability, meaning that the liability of the sole shareholder is limited to the amount of their contributions to the business. This means that the personal assets of the sole shareholder cannot be seized for the company's debts.

The EURL has a legal personality distinct from that of the sole shareholder, which means that the company has its own assets, can enter into contracts, own property and be sued in court.
The EURL is subject to corporate tax (IS) and the sole shareholder is considered a self-employed worker. He must therefore contribute to social organizations to benefit from social security coverage.
The EURL offers advantages such as limited liability, management flexibility, the ability to integrate additional partners, and favorable tax treatment for businesses with significant revenues. However, the EURL can be more complex and expensive to set up and manage than a sole proprietorship.

As a Single-Member Limited Liability Company (EURL), the types and nature of personal data you can process will depend on the type of business you carry out. However, here are some examples of personal data that EURLs can process:

• Personally identifiable information: This may include data such as name, address, email address, telephone number, date of birth, and social security number.
• Financial information: This may include information such as credit card numbers, banking information, payment information, debts and financial assets.
• Employment Information: This may include information such as employee name, employee address, salary, leave details, and benefits.
• Customer Information: This may include information such as the customer's name, address, telephone number, and purchase history.
• Supplier Information: This may include information such as name, address, telephone number and contract terms.

It is important to note that EURLs are subject to personal data protection regulations and must comply with applicable data protection laws, such as the General Data Protection Regulation (GDPR) in Europe and the Consumer Online Privacy Protection Act (CCPA) in California. EURLs must ensure that all personal data they collect is processed securely and in accordance with applicable laws.