How to found a Real Estate Company: Guide to the essential steps

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IN BRIEF

1. Drafting of statutes : Define the operating rules of the SCI.

2. Constitution of share capital : Contributions from associates, no minimum required.

3. Appoint the manager : Mandatory, can be associated or not.

4. Publication of a notice : Advertisement in a legal notice newspaper.

5. Submission of the file : Registration in the trade and companies register (RCS).

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\nhttps://www.youtube.com/watch?v=auWaQj9YF0o\n

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Found a Real Estate Civil Society (SCI) is a strategic approach for managing and optimizing real estate assets. This legal entity promotes the holding, management and transfer of real estate between partners, whether for family or professional purposes. To successfully complete this project, it is crucial to follow a series of essential steps, ranging from drafting the statutes to registering the company. Here is a technical and precise guide to support you in each phase of creating your SCI.

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The creation of a Real Estate Company (SCI) is an ambitious but achievable project, allowing several people to manage and transfer real estate assets more easily. This detailed guide will accompany you through the different stages, from drafting the statutes to registering your SCI. Following these steps precisely will help you navigate this legal and administrative process with peace of mind.

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Drafting of the SCI statutes

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The first crucial step in the creation of an SCI is the drafting of statutes. These documents establish the operating rules of the company, including the name of the SCI, its corporate purpose, its registered office, the duration of the company, as well as the terms of operation and distribution of profits. The statutes must also designate the managers and specify their powers. It is strongly recommended to have these statutes drafted or validated by a legal professional to avoid errors that could complicate the future management of the SCI.

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Constitution of the share capital

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Then, you must constitute the share capital of the SCI. This capital can be made up of cash contributions (money) and/or contributions in kind (real estate, for example). There is no minimum amount imposed for the share capital, thus offering great flexibility in the constitution of your SCI. The contributions must be clearly defined, and their evaluation faithful to reality to prevent any subsequent dispute between partners.

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Publication of a notice of incorporation

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To make your SCI official, it is mandatory to publish a notice of incorporation in a legal announcements newspaper in the department of the company's head office. This publication must mention various information such as the company name, the legal form, the address of the head office, the purpose of the company, the duration, the amount of the share capital, and the contact details of the managers. This step is essential to inform third parties of the creation of your SCI.

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Filing the registration file

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Once the notice of incorporation has been published, you must file a registration application file with the Registry of the competent commercial court or on the website of the National Institute of Industrial Property (INPI). This file must include several essential documents, including the signed statutes, the certificate of publication in a legal notices journal, a completed M0 form, and a copy of the managers' identity document. The filing of this file will formalize the legal existence of your SCI.

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Obtaining the Kbis and finalizing the procedures

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After validation of your file by the registry, you will receive a Kbis extract, which is the birth certificate of your SCI. This document confirms the registration of the company and allows you to carry out the final administrative procedures such as opening a bank account in the name of the SCI, taking out insurance, and registering real estate in the name of the society. It is imperative to keep this Kbis for all future procedures and the day-to-day management of your SCI.

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Creating an SCI may seem complex, but by methodically following these steps, you will put all the chances on your side to successfully complete your real estate project. Do not hesitate to call on professionals to support you, in order to guarantee the legal solidity of your company and to facilitate its future management.

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Stage	Description
Drafting of statutes	Define the operating rules and designate the manager as well as the head office
Constitution of share capital	Set the amount, no minimum required
Appoint managers	Choose one or more managers, partners or not
Publication of a notice of incorporation	Publish a notice in a legal notice newspaper
Submission of the registration file	Submit the file to the commercial court registry
Registration with the INPI	Register the company in the National Business Register
Opening a professional bank account	Open an account in the name of the SCI
Signing of contracts	Sign management and rental contracts

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• \n Step 1: Drafting the statutes\n
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  • Define the operating rules of the SCI
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  • Include the manager and head office
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• Define the operating rules of the SCI
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• Include the manager and head office
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• \n Step 2: Constitution of share capital\n
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  • No minimum amount required
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  • Contributions in kind or in cash
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• No minimum amount required
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• Contributions in kind or in cash
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• \n Step 3: Publication of a notice of incorporation\n
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  • Legal notices journal
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  • Include mandatory information
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• Legal notices journal
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• Include mandatory information
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• \n Step 4: Submitting the registration file\n
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  • At the court registry
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  • Supporting documents to provide
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• At the court registry
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• Supporting documents to provide
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• \n Step 5: Obtaining the SIREN number\n
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  • Awarded by INSEE
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  • Confirmation of the legal existence of the SCI
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• Awarded by INSEE
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• Confirmation of the legal existence of the SCI
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• Define the operating rules of the SCI
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• Include the manager and head office
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• No minimum amount required
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• Contributions in kind or in cash
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• Legal notices journal
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• Include mandatory information
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• At the court registry
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• Supporting documents to provide
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• Awarded by INSEE
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• Confirmation of the legal existence of the SCI
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