The article discusses the importance for self-employed individuals, particularly those operating under structures like EI, EURL, or SASU, to establish a robust business framework. It highlights the challenges they face in managing legal and administrative tasks due to time constraints and lack of expertise. The piece emphasizes the necessity of professional day-to-day insurance and legal assistance to streamline operations, protect assets, and resolve disputes efficiently, ultimately helping entrepreneurs focus on business growth and customer satisfaction.
Establishing the right business structure—whether it’s a sole proprietorship (EI), an EURL, or a SASU—is a foundational step for self-employed individuals. However, once you’ve set up your business, it’s essential to understand your rights, how to safeguard your interests, and which resources to utilize effectively. Specialized services can assist you with these crucial aspects. Let’s explore how.
How Much Time Do Self-Employed Professionals Spend on Business Protection?
Self-employed individuals often focus on managing client relationships and navigating daily challenges such as project delays or unexpected client demands. As a result, they may have limited time to prioritize the protection of their business operations:
- Their primary concern typically revolves around customer satisfaction, business growth, cash flow, and administrative tasks—averaging about 8 hours per week, according to a 2023 survey by a self-employed workers’ union.
- Many work independently, owing to the nature of their professional setup.
- Not all possess the requisite legal knowledge to navigate business-related legal issues.
Consequently, it is crucial for these professionals to seek help from external experts and advisors who can address their specific concerns and offer additional support.
What Does Daily Living Insurance for EI, SASU, or EURL Include?
If there were a single insurance policy designed to cover the minor hiccups that professionals encounter, it would potentially include the following:
- Protection for the keys and locks of business premises and the manager’s identification documents.
- Coverage for essential tools of daily operations, like a business mobile phone.
- Safeguarding IT equipment such as computers, tablets, and printers.
This type of professional daily insurance complements personal insurance policies the manager may have, which generally cover private belongings.
In short, who benefits from daily living insurance?
All managers of independent structures (EI, EURL, SASU) seeking to reduce their mental burden and effectively manage unforeseen professional challenges.
Why Is Legal Protection Important for Professionals?
As a professional operating under an EI, SASU, or EURL structure, you are likely skilled in your area of expertise. However, you may not have the time or knowledge to keep up with the latest legal nuances, making legal assistance vital.
Here are some tedious legal tasks where entrepreneurs often seek support:
- Navigating disputes and litigation with clients, suppliers, or governmental bodies.
- Recovering unpaid invoices, especially for significant amounts that remain unresolved.
Did you know?
Creditors have a five-year timeline to collect unpaid invoices from their clients.
- Making informed decisions while minimizing risks (e.g., validating contracts or ensuring compliance with mandatory regulations).
- Gaining increased autonomy and saving time through access to expert-designed databases that assist self-employed individuals in streamlining their processes.
Utilizing specialized legal advice (from lawyers or tax experts) can significantly reduce the effort associated with complex issues, while regularly updated standard documents enhance productivity and compliance.
To summarize, what should a robust legal protection package for self-employed professionals include?
Ideally, it would encompass value-added services and coverage of legal costs related to disputes. This approach is usually more economical than paying for individual legal services. Several online providers currently offer these packages at competitive prices, varying based on the contract and the company.
When considering legal assistance, it’s wise to review the number of consultations available annually, the services included, and how you will interface with the expert (via phone, email, or in person).
Being a sole trader in an EI, EURL, or SASU doesn’t mean you have to operate in isolation or without support. Everyday insurance and professional legal assistance work hand in hand, facilitating a smoother operational journey.
Explore
Bourso Business,
the no-cost professional account!
Discover other thematic articles:
Agility, simplicity…: addressing the needs of professionals in their sole proprietorship, SASU, or EURL.