According to the INSEE site:
In French law, a corporate entity is a group with legal personality. Generally a corporate entity is made up of a group of natural persons working together to achieve a shared goal. The group may also bring together natural persons and corporate entities. It can also be made up of just one element.
Its legal personality gives the corporate entity rights and responsibilities. French law distinguishes between:
corporate entities in public law: the State, local authorities, public establishments, etc.
corporate entities in private law: most commonly private companies, civil companies (SC), economic interest groups and associations. Some corporate entities in private law are entrusted with the operation of services of general economic interest.
😄 So to recap...
A corporate entity is an entity which, although it doesn’t have a head and two arms and legs, possesses rights and responsibilities.
It is controlled by natural persons, or corporate entities but with natural persons at their roots. In fact, when you go back to the source, you always find a natural person at the beginning.
It can be governed by public or private law.
And last but not least, if it meets the required criteria, it can proceed to a capital deposit with Qonto!
Want to deposit the capital of a company with one or more corporate entity shareholders with Qonto? You just need to provide :
The date/place of birth
A copy of the ID of the physical representative (link to beneficial owners FAQ) of each corporate entity.
We’ll take care of finding the KBIS and statutes, so you don’t need to worry !