Application for the french social business agreement called ESUS
Posted on May 04 2018
Kindleggings is in the social business and registered in Paris, France. It seemed logical to enquire about the legislation around social business.
We strongly believe that the future holds tremendeous opportunities for social business and it is a good thing that the law begins to define what criteria social businesses should respect and apply.
As a start up we are in the process of creating our legal entity and we are applying for the certification called ESUS which means "business for social purpose". There are an amount of items that we needs to comply with such as dividend distribution strategy and leadership taped salaries.
The conditions for this certification still leaves a large amount of creative freedom within the business and at the same time provides a written commitment and legal obligation toward the ultimate social purpose.
We love that and hope to be certified very soon!