On the 15th May 2022 a new law came into effect to offer Autoentrepreneurs (Sole Traders) protection for their personal assets from creditors.
Until that date, creditors could attach their personal assets (with the exception of their primary residence) to settle any debts. Typically autoentreprenuers opted for the EIRL (Entrepreneur Individuel à Responsabilité Limitée) for such protection.
Today, every Autoentrepreneur has to add EI (Entreprise Individual) to:
- The name of their bank account (First Name, Last Name, EI)
- Website
- Order Forms
- Quotations
- Invoices
- Adverts
- Business Stamps
If you are an autoentrepreneur and you bank account name doesn’t include the letters EI, or Entrepreneur Individuel – you could face a fine of € 750.
