The 10 steps you need to follow to start your project / STEP 5: FINDING FUNDS

I- Awareness before considering financing solutions Financing a company is often based on a combination of solutions, depending on the type of activity or size of the company. How to identify the sources of funding that can be applied to your project? Who should I contact first? To answer these questions, it is first necessary to distinguish two categories of resources: The equity of your company (capital) i.e. the money to be contributed to your company by you and your shareholders. Such own funds must, as a general rule, represent at least 30% of the apropriation to be financed. If they are not enough, you can solicit your family and friends who can help you build your personal contributio

French VAT on international transactions: Everything you need to know!

Do you have any business transactions with suppliers or customers located in other European Union (EU) country or outside the EU and and you don't understand how it all works with regards VAT in France? Below you will find practical information on VAT in Europe and outside EU. For international transactions, the first distinction to be made is whether the transaction is a supply of goods or a service. I- The supply of goods 1- Outside Europe: Exports and imports The supply of goods between a French company and a company located outside the European Union constitutes imports (for French, for purchase) or exports (for French, for sale). Exports are exempt from VAT and imports are subject to

The 10 steps you need to follow to start your project / STEP 4: FINANCIAL FORECASTS

The design of your project has enabled you to evaluate what you can sell and all the resources you require to start a new business. Translate all these components into figures and gauge a number of points that will confirm the viability and profitability of your project. This step will give you (or not) the "go"! I. Why financial forecasts? II. What is this study about? III. Tips for a successful financial forecast. I. Why make financial forecasts? 1- Analyse the feasibility and viability of your business project The preparation of these forecasts is an iterative process that gradually reveals all the financial obligations of your future business and the corresponding resource

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