IT contractor to one client, no expenses - EURL or SAS or other?
I have been IT contracting through an agency to a single big client, I started as auto-entrepreneur but I am hitting the limit.
Estimated income for year will be around 140,000 euro, with my wife as auto-entrepreneur making about 5,000 euros. I have no tangible expenses, I work on site with no transport costs. My research all suggests this is a very basic situation but I can’t find a worked example that shows the difference in outcome of entreprise unipersonnelle 脿 responsabilit茅 limit茅e (EURL) or soci茅t茅 par actions simplifi茅e (SAS). Can you give me some guidance please?
Friends and accountants have suggested I also consider SAS and mention dividend tactics but as mentioned I am struggling to make comparison to tell the difference and would need to pay a good portion as monthly salary I think. It seems I should be able to set an EURL up by downloading standard statutes and run it myself with a French speaking friend to guide me, whereas for SAS it seems there are lot more annual accounting costs involved.
- So is my understanding of EURL basics correct?
- Are there any implications to turning of my Auto Ent and moving to EURL?
- Can you please explain the EURL calculation and differences to SAS?
- Given my simple situation can I do the accounting myself?