Creating a SAS

Number of partners

• SAS: two or more partners
• SASU: one single partner
• No maximum number of partners

Liability

Partners' liability is limited to their contributions to share capital.

Personal assets are protected in case of company debts, except in case of serious misconduct.

Share capital

• Share capital freely determined
• Cash or in-kind contributions
• No mandatory minimum capital (depending on legislation)

Organization and management

• The SAS is led by a President (individual or legal entity)
• Possibility to create other governance bodies
• Highly flexible internal organization thanks to the bylaws

Tax regime

• Generally subject to Corporate Income Tax (IS)
• Temporary option possible for Personal Income Tax (IR) under conditions

President's social status

• The President is treated as an employee
• Social protection close to that of an employee
• No unemployment insurance entitlement

Advantages of SAS / SASU

• Great flexibility of bylaws
• Modern and credible image
• Suitable for startups and innovative projects
• Easier entry for investors

Disadvantages of SAS / SASU

• Higher creation and management cost
• More complex bylaws drafting
• Mandatory accounting

Who is SAS / SASU for?

SAS / SASU is ideal for:

• Ambitious entrepreneurs
• Startups and innovative projects
• Companies with growth objectives
• Projects requiring fundraising

Conclusion

SAS / SASU is a modern and flexible legal structure, perfectly suited to scalable projects.

It offers great organizational flexibility while protecting partners' personal assets.