Investors & landlords

Hi,

 

I intend to invest in a small company in France and also have a question on form 926.

I am not clear about the 10% value of the company threshold to file Form 926.

Is it the total value (assets + liabilities) or just book value that is taken into account to determine the value of the company? 

As an example, Let's say the founder raises 100.000 Euro, gets 100.000 euros loan from a bank to start the business and I invest 12.000 Euros.

Do I own 12% (have to file) or 6% (no need to file)?

 

Thanks in advance for your help!

 

Svensk_Cal