What are the consequences of closing a business in France and reopening?
Patty
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I currently have a business in France registred as enterprise individuelleI reel simplife. Due to the nature of my business - fishing lake with gite accommodation, selling fishing accessories and fish food on-site, I have to make changes to my current business in order for the changes to establish themselves. I need to close the business to the public for four or five years with hope to re-open again.
- I have been advised that it is not possible to leave my current business activity in a dormant state under the enterprise individuelleI regime. Is this true?
- I am looking into opening a retail shop in the meantime and have been advised it is best to change the establishment code of my current activity before the 31/12/15, so that I only pay taxes / TVA / Impôts etc. on the retail shop in 2016. Your advice?
- I am assuming I will still have to pay the taxes for 2015 for my existing business in 2016 once the year end figures are declared?
- What are the advantages and disadvantages of adding a secondary activity to my Extrait KBIS? So that when I reopen the fishing lake business again in five years time, I do not have to make changes to the extrait KBIS again. If the retail shop side works out, then in five years time, I will have two activities under the same siret number?
- Or is it better (tax implications) to just modify the Extrait KBIS, change the establishment code for the shop, what I will be selling / doing etc. and then five years time, when I reopen the fishing lake, to modify the extrait KBIS again? The gite will still be operating throughout.
- What are the consequences of closing my current business as an enterprise individuelleI. I have been told that I will have to pay the TVA back? Is this TVA on stock left unsold, not sure how they work this out? As I have fish in the lake and sell fishing accessories on-site and have a fair bit of stock left. Not sure what to do as I plan on re-opening the lake in five years time?
- In line with question six, maybe it is better to open the retail shop under an auto-entrepreneur? Pros and cons and financial impact?