Inside a simplified joint-stock company with a single partner (SASU), the sole proprietor can provide three types of contributions, some of which will be included in the capital of the company. THE cash contributions
Advantages of cash contribution in a SASU
Un cash contribution is an investment that consists of providing cash to an SASU. These funds will support the share capital of the SASU and will be visible in the company's bank account. The sole shareholder will receive actions, the number and face value of which will be determined in the SASU statutes.
Make cash payments in SASU effective
The sole partner can perform all actions that he has subscribed, that is to say, to carry out all the sums of money that he has promised.
However, he has the option of pay only half of the nominal amount of the shares in cash during the constitution of the SASU. The balance (50%) must be released in one or more instalments at the request of the president within 5 years of the registration of the company.
Failure to release the capital in full has two important tax consequences. Indeed, if the capital is not fully paid up at the end of a financial year, the SASU subject to corporation tax will not be able to benefit from the reduced tax rate of 15%. Similarly, if the partner opts to remunerate his current account, the interest which reimburses this contribution will not be deducted from the tax result.
Investment of funds in a SASU
Before the signature of the statutes and at the latest 8 days after having received them, the sums must be filed, on behalf of the company being formed, at a notary, in a bank, a investment company or Fund deposits and Consignment.
Remittances must be confirmed by a certificate provided by the custodian of the funds (which does not mean that the conditions of funds or form are verified).
This deposit must be specifically mentioned in the statutes of the SASU.
Release of funds paid in cash
The sums collected in the form of cash deposits are preserved until SASU or, registered and in the trade and companies register, upon presentation of a certificate from the clerk indicating this registration.
If the SASU is not registered within 6 months of the first deposit of funds, the sole shareholder can recover his contributions. To achieve this, he can request authorization to recover his contributions from a judge or an agent.
Tax benefits provided by cash payment in SASU
In certain cases, the sole shareholder of a SASU who has made cash contributions to his company may benefit from one of the following tax reductions: reduction of income tax or reduction of solidarity tax on wealth. These discounts are, in principle, not cumulative.
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