Since the start of the health crisis, business buyers have been largely forgotten by government aid. Thus, if an entrepreneur had the audacity to buy a business in 2020, he must be financially very solid, the majority of financial support systems not being accessible. Decree No. 2021-624 of May 20, 2021 is specifically aimed at these business buyers by introducing new aid.
Who will be the beneficiaries of this aid?
The main conditions to be met for these companies taking over a business are as follows:
- have been created no later than December 31, 2020;
- have fully taken over a business, between January 1 , 2020 and December 31, 2020;
- still be the owner of the business when filing the application;
- have the same main activity (for example, a restaurant taking over a restaurant);
- have a business whose activity has been subject to a ban on public reception without interruption between November 2020, or the date of acquisition of the fund, and May 2021;
- not having generated any turnover in 2020.
What is the amount of this aid?
The amount of aid depends on the size of the company:
- For companies with more than 50 employees, the aid takes the form of a subsidy, the amount of which amounts to 70% of the mathematical opposite of the gross operating surplus (EBITDA) fixed costs recorded during the eligible period.
- For companies with less than 50 employees, the amount of aid rises to 90%.
The gross operating surplus fixed costs, defined by decree n° 2021-310 of March 24, 2021 , is determined from the intermediate management balance, over the relevant eligible period of six months (January-June 2021), by the company's chartered accountant, who will issue him a certificate in his capacity as a trusted third party.
What are the deadlines?
The application must be submitted between July 15, 2021 and September 1, 2021 on the professional space of the site https://www.impots.gouv.fr/portail/
For more information: website of the Ministry of the Economy
