The ambulance company is a business form that benefits from the same advantages and obligations as other classic start-ups. Thus, for this type of business, you will also have to follow specific steps before formalizing the creation of your ambulance company. Among these steps, the choice of the legal form is crucial. But, for a good evolution of the company, which type of legal form is appropriate for the ambulance company? Answers in this article.
Ambulance Company: Legal Form SARL
When you decide to open an ambulance company, you should know that a wide range of legal forms is available to you. Among these forms, the status of SARL appears to be the most suitable. Indeed, the SARL form designates a Limited Liability Company. In the standards of this legal form, the company must be constituted by at least two partners. Thus, the charges are lighter, and the company will be able to face the challenges better.
However, it should be noted that the different responsibilities are shared according to the partners’ contributions. So, if your company is made up of 3 partners and you are the majority shareholder, it is evident that you have the maximum responsibilities. The SARL form is ideally suited for ambulance companies because it allows you to protect your assets and reduce certain expenses. In this way, you have a better chance of doing your business last.
Ambulance Company: SAS Legal Form
In reality, the SAS refers to a simplified joint-stock company. In this context, it should also be understood that the responsibilities are shared in the case of several partners. This condition protects the members of the company and their investments. However, for good management, the law requires that the partners choose the main member to lead the company.
To bring their investments into the ambulance company, the company’s members are not always obliged to make contributions in share capital. The SAS legal form also allows for contributions from a partner’s current account. This type of contribution is simply a question of making cash advances that will be recovered at the appropriate time. But, although it is favorable to the ambulance company, this legal form is expensive and requires a certain rigor when drafting it. Therefore, make your analysis before making your choice.
Ambulance Company: Legal Form EURL
This concept designates a Limited Liability Company. Unlike the previous legal forms, the EURL has only one partner. In these conditions, the manager will have more responsibilities, but he could also delegate them to his only partner. The EURL has the advantage of putting more transparency in the management. Thus, with this legal form, your ambulance company can operate without too many constraints.
Like other forms, you will also have to be rigorous in drafting the articles of association of the EURL. Apart from that, you will have to make the capital contributions, publications, and declarations before the EURL status is adequate. Following this process, it is evident that the EURL is not too restrictive and can be suitable for the ambulance company.
Ambulance Company: Legal Form SA
In the case of this legal form (Société Anonyme), you should know that the members are made up of shareholders (at least 2 and at most 7). Each member is then required to make contributions according to his means so that the capital of the ambulance company is constituted. Although it is suitable for companies wanting to go public, it is possible to use the SA form to create your ambulance company.
The process is not more restrictive than in other cases. The only problem is the management, which is similar to financial companies. Except for this fact, the corporation is suitable for an ambulance company and even gives it benefits. For example, depending on the number of shares, each shareholder can profit from several dividends and have the right to take legal action against the directors.