Taking over a business is often the adventure of a lifetime. This buyout covers important issues and very often a major investment.
We are going to take stock of the existing aids for taking over a business; and we will focus more particularly on the differenthelp for companies in difficulty.
A wide range of help
Indeed, there are several mechanisms to support business takeover initiatives. These aids are particularly varied. They form a kind of dense galaxy which often seems somewhat nebulous. This is why, above all, do not hesitate to get information from the various public bodies; for example BPIFrance offers several types of aid for the takeover of a business.
In addition to direct financial aid, a business buyer can also claim a certain number oftax assistance which can be very useful in the first months after the recovery.
Aid for job seekers
Thus in certain cases business buyers can benefit from theACRE. What is ACRE? This is an exemption from certain social charges for a period of one year. It can be requested in the case of a creation but also of a business takeover.
In addition, when the buyer of a company is compensated or compensable by Pôle Emploi, he can also in certain cases benefit from the total or partial maintenance of his allowances until the end of his rights.
Another device can also be interesting, it is the Mother-of-pearl (New Support for the Creation or Takeover of a Business). In this case, it is a help in setting up the project, in its financial structuring but also support in the start-up and development of the company. In addition to job seekers, beneficiaries of the RSA, employees who take over their company can also benefit from it.
A special case:help for companies in difficulty
As we have seen, taking over a business requires a significant investment; this is especially true when it comes to a business in crisis. However, certain specific devices exist for these particular cases.
Specific help for companies in the industry
It may be useful to know that there are some specific aids to takeover of a struggling business. Thus, companies created specifically to take over an industrial company in difficulty can be exempt from income tax as well as from the business property tax (CFE) during the first two years of activity.
To be entitled to this help for companies in difficulty, it is mandatory that the company has been placed in recovery or in judicial liquidation and be the subject of a total or partial transfer ordered by the court, whether it experiences significant difficulties that could quickly lead to a cessation of activity and whether it is an industrial company.
What happens when employees decide to buy out their business?
Other aids exist in cases where it is the employees who take over their business. Indeed, when the latter decide to create a company exclusively dedicated to the buyout of their business, whether partial or total, they can benefit from a tax credit.
Thus, the tax credit granted to the holding company is equivalent, during each fiscal year, to the amount of corporation tax due by the company acquired for the previous fiscal year:
- in the proportion of social rights that the employees of the acquired company hold indirectly in the capital of the latter,
- and within the limit of the amount of interest owed by the new company for the financial year on account of the loans it has contracted for the repurchase.
We can see that many types of business takeover assistance exist. Do not hesitate to seek advice from our professionals to request the aid (s) suited to your project.
