What is Credit Simple Company?

Which political party you belong?


I started this post with this title to make a reflection on the recent political developments in our country. Many are still worried about the election that took place last year and are “changing tapas” especially in social media and focus on policy, only, without seeking to know more and understand our true economic and social scenario.

So, regardless of which party you are or political ideologies it comes to Brazil, our home, our economic needs, the future of our children. I'm not talking about pension reform not, I should address a topic in another Post but, of several other events and acts that the Federal Government is taking to transform people's lives (I'm not doing pro government advertising, I promise I will cut to the chase below).

What kind or type of company is ESC?

So, since 2015 The Simple Credit Companies Project was being discussed at the National Congress (ESC) which was unanimously approved by that house and, Lastly, transformed into a Complementary Law sanctioned by our President Jair Messias Bolsonaro in 24 Last April. It is a very recent thing, little is said on the internet yet (only in theory). We believe that it will not take long to come into practice because this could change the course of Small Businesses, specifically the MEI and ME framed in Simples Nacional.. It comes to Complementary law 167-2019 what, among other matters, establishes the IS – Simple innovation that promises to support innovative ideas through so-called Startups.

The issue we want to address here is the BUSINESS OPPORTUNITY created by the Federal Government for those who qualify as an Entrepreneur as ESC and, as project need, have some money invested. Clear, there are risks, but all with fiduciary guarantees, endorsements and other mechanisms to be regulated then (the law is fairly new, we take into account that).

Corporate that type can be Formed ESC?

The law states that, both the Individual Entrepreneur, established as such or in the form of EIRELI, can start an ESC. However, we want to address here the form of a limited liability company to demonstrate that it is possible to have partners in ESC, that is, to borrow money should have equity of origin then I think it is more likely to get capital with the highest number of partners. ultimately, there are specific rules for both the constitution and the form of taxation of ESC (are only accepted presumed income and taxable income).

Anyway, we are prepared to help new entrepreneurs who would like to open an ESC, We give free guidance in this regard. Right now we are watching the news because it is not yet available in commercial registries creation of ESC, but we believe it will be soon.

So, what they are saying about these “ESC”?

How much is being changed by the Federal Government, some (mainly opposition) just criticize and twist to not work (my opinion). Some compare the ESC as “legalization of usury” but not remember that ever existed several moves to legalize marijuana, for example… But I ask: and? We live in a democratic country and, tell the way, I have never seen such a large movement in social media for democracy, that is, It approved the law of the ESC with legitimacy and do not believe in any way that is detrimental to economic growth, instead, will benefit small business owners seeking credit and banks do not give because they do not have a specific credit line.

I want to give my own example so there is no doubt: I sought a loan from BNDES through the Federal Savings Bank, value not too high, to finance an expansion project of my Office An expert. BNDES denied saying that my income is low, that is, that did not have a specific line of credit for my case… Now, I opened a corporate account in the Savings Bank for this purpose (today work with another bank that offers me the lowest fares). It is here recorded my indignation with Caixa Economica Federal and support Complementary law 167-2019.

ultimately, I want to leave here my contribution to new business owners who are interested in ESC. We Can Help!.

Fields J Odenir

– (62) 3952-4588

– (62) 98239-2102

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