The Société Civile Immobilière ( SCI ) is a very popular legal status for investing in real estate . Many people decide to create an SCI and join forces to jointly manage one or more real estate properties. But one question remains: is the SCI a legal or natural person ? The answer is clear: it is a legal person ! Definition! operation! advantages! etc. we explain everything to you in this article. Follow us! 🏡
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Is the SCI a legal or natural person?
The SCI! or Société Civile Immobilière! is a legal entity . A legal entity refers to a group of people ! whether they are legal entities or natural persons! who come together to pursue a common goal together. They have a legal existence .
The legal entity is therefore creat! when the structure is creat!. It is consider! a moj data separate entity . As such! it benefits from rights and obligations identical to those of a natural person.
🎯 In short! the SCI is a legal entity whose existence is independent of that of the people who compose it.
The characteristics of the SCI
Definition and operation
One of the conditions for creating an SCI is that it must be made up of at least 2 people ! each with the status of partner . Creating an SCI alone is therefore impossible. This form of company allows these individuals to join forces in order to manage one or more what is aso and how is it done? real estate properties together. Its maximum lifespan is set at 99 years .
The real estate assets belong to the Société Civile Immobilière and each partner holds shares proportional to their contribution to the share capital.
Good to know: to constitute the share capital of the SCI ! the partners can make tongliao phone number list contributions in cash (sums of money) or in kind (in principle! real estate). The law does not impose a minimum or maximum amount for the constitution of the capital. Only a symbolic amount of €1 is requir!.
Like any company! the operation of the SCI is govern! by statutes . These are drawn up during the process of creating the company and in particular make it possible to define the rules for decision-making! transfer of shares! etc.
The different types of SCI
It is possible to create different types of SCI:
The classic SCI: it allows the purchase! management or rental of real estate;
The family SCI: the family SCI is creat! to buy! manage or even rent real estate between members of the same family;
The SCI for shar! use: it allows the use of a property to be shar! between several beneficiaries;
The construction-sale SCI: it allows you to buy land! build a property there with a view to reselling it;
The agricultural SCI: it is d!icat! to the purchase! management or rental of goods in the agricultural sector;
The SCI d’attribution: its objective is to share a property built or acquir! between the different partners.