The French Senate adopted on 8 April a bill on "individual business with limited liability", which aims to stimulate the creation of new small businesses by introducing a degree of protection of the entrepreneur's own real estate assets which is absent from the existing rules. This reform concerns the company's status, and is separate from measures easing the owner's fiscal status, which has already been simplified in the "auto-entrepreneur" legislation. The scheme introduces a number of simplifications, and setting up such a business will be further streamlined. The bill now needs to be adopted by the national assembly, before it can be enacted with effect from 1 January 2011.
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