report president sasu dissolution

The report of the president of SASU in the event of dissolution: obligation and content

Before end to the activity of a SASU, the sole shareholder must be aware of certain data. It's the leader of the company which communicates them to him, in a document. Foundation-company-ricard you this le contents of the report that the president of a SASU must write during his liquidation.

What is the dissolution of an SAS and the president's report?

When the dissolution of a SASU (Société par Actions Simplifiée Unipersonnelle) is proposed, the manager (or president) of the company is required to provide documents and to give explanations to the sole shareholder so that he can make an informed decision. For this, the president établit a investigation report and provides a text of draft decisions which will be subject to the approval of the sole shareholder.

This document below concerns only the early dissolutions (sometimes called " amicable") of SASU whose sole shareholder is a Physical person (not a company). They assume that society is not to in a cessation of payments.

What does the SASU president's report contain?

The manager's report, preceding any decision of early dissolution, must contain several required items. First, the specificities legal of the SASU should be listed:

  • social title,
  • Legal form (“simplified joint-stock company”),
  • Downpayment,
  • Address of headquarters,
  • Registration number,
  • City of registration of the trade and companies register.

Next, the leader must specify the Ongoing that he will propose to thesole partner :

  1. Break up the SASU anticipatively,
  2. name a friendly liquidator.

At the same time, he must explain its action and give the raisons of early dissolution.

Finally, if the statutory rules do not provide for other steps to be followed, the leader must propose to designate a person as a friendly liquidator. This agent will have the most extensive rights to carry out the liquidation of the SASU. The coordinates must also appear in the report. It could be :

  • The sole shareholder (whether he exercises the duties of chairman or not),
  • From the president himself (it doesn't matter that he is also associated),
  • Or a third party.

The leader concludes his dissolution report by indicating that he hopes that his proposals will be approved by the sole shareholder and that he will be willing to make all the associated decisions. A minutes of dissolution will be specially written for this purpose.

 

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See also on the subject of closing a SASU:

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