On January 1, 2025, a major reform came into effect to modernize the legal framework for businesses in France. Decree No. 2024-1507 of December 19, 2024, and Law No. 2024-1047 of November 12, 2024, aim to simplify administrative procedures for the creation and dissolution of businesses, reduce control formalities, and strengthen the transparency of financial information. This reform establishes a single window for business formalities and makes it easier to access the simplified liquidation procedure. For lawyers specializing in business law, this reform calls for a review of certain company contracts and a revision of practices related to business management. Companies must also be prepared to adapt their governance to comply with the new obligations.
