The Société par Actions Simplifiée Unipersonnelle (SASU) is a legal form that offers greater flexibility and agility to business owners. Indeed, the sole owner of a SASU is free to define the legal framework, and can thus choose which structure best suits his situation. Tax and social benefits are also numerous, making it a good choice for entrepreneurs looking to start or expand their business.
Definition of a Simplified Single-Person Joint Stock Company (SASU)
SASU (Société par Actions Simplifiée Unipersonnelle) is a legal form of French company which can only be incorporated with a single partner. It is similar to the SARL, although the responsibilities of the partner are limited to the contribution of capital to the company and its participation in the profits. Financial losses are limited to the initial contribution and all subsequent contributions.
Example of SASU
A single-person simplified joint-stock company (SASU) is a legal structure created in France in 1994, which allows one person (the sole partner) to carry out a commercial activity with ease. The SASU is particularly suitable for start-ups and individual entrepreneurs starting their business. It is simple to set up and manage and offers several advantages to its single partner.
The SASU is a flexible and inexpensive legal form. It is very simple to create and manage since it has no minimum capital and is not subject to the obligation to hold a general meeting of shareholders. It also makes it possible to limit the liability of the sole shareholder who will not be personally held liable for the debts and commitments of the company.
Advantages of a SASU:
Simplicity and flexibility of the legal structure
Minimum capital pass
No obligation to hold a general meeting of shareholders
Limitation of the liability of the sole shareholder
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The SASU is a form of entrepreneurship that allows a leader to create and manage a small business with limited capital. It's especially great for entrepreneurs who don't have the time, resources, or budget to create a larger, more complicated structure. Entrepreneurs who opt for SASU can save time and money and are free to innovate and take risks, which is essential for the long-term success of a business.
By opting for the SASU, managers benefit from a certain flexibility with regard to the organization and operation of their company. They are responsible for their own decisions and can adapt their structure to their needs. However, they must also meet certain legal and financial obligations. To learn more about the role and responsibilities of an officer, visit the manager page of the Enterprise Ricard Foundation.
In the event of the creation of a Single-Personal Simplified Joint Stock Company (SASU), a legal company formation publication must be printed in a legal notice journal (JAL) covering the department of the head office. Here is a detailed description of the notice of formation of a SASU: what is its content? When to write and publish it? An example […]
The legal announcement of the creation of a SASU Read more "
This special report highlights the analysis of the main forms of commercial companies: public limited company (SA), limited liability company (SARL), sole proprietorship with limited liability (EURL), simplified joint stock company (SAS) and SASU, company in collective name (SNC), accompanied by comparative tables on the following points: constitution, directors, partners, taxation, administrative obligations
Comparative table of companies: SARL, EURL, SAS, SASU, SA and SNC Read more "
When a sole shareholder of an EURL wants to change his company into a SASU, he must publish a notice in a media authorized to receive legal announcements. This message must necessarily include several pieces of data. We will explain to you how to write an advertisement for a transformation from EURL to SASU and we will provide you with an advertisement template
The legal announcement of the transformation of an EURL into a SASU Read more "
A SASU is a capital organization which has several attributes, such as a company name, a branch of activity (object), an administrative address (headquarters), an investment amount and a lifespan. Here is some information to know about the particularities of SASU. From a SASU to a capital company The SASU is the single-member form
The characteristics of a SASU Read more "
When the partners of a firm (SARL, EURL, SAS or SASU in particular) decide to extend its duration, a notice must be published in a legal notice journal (JAL). We are talking more precisely about a notice of extension of the duration of a company. Here is the exact content of this announcement, its publication conditions and a legal announcement model.
The legal announcement of extension of company duration (SARL, EURL, SAS, SASU) Read more "
A SASU (simplified single-member joint stock company) can, like other commercial companies, be dissolved. The reasons for dissolution may be linked to the sole partner or to external factors (expiration, realization or extinction of the corporate purpose). The grounds for dissolving a SASU are explained below, although some of the grounds for dissolving
What are the causes of dissolution of a SASU? Read more "
Closing a single-member simplified joint stock company – SASU – has a cost. Dissolution operations involve costly administrative procedures and, sometimes, remuneration for intermediaries. Fondation-entreprise-ricard gives you details on closing and liquidation expenses and answers the question: how much does closing a SASU cost? Discover
How much does it cost to close a SASU? Read more "
The sole shareholder of a SASU can, in certain circumstances, decide on the voluntary early termination of his company. Also known as friendly dissolution, this procedure has significant consequences on the legal entity because it leads to its disappearance. This is why it requires compliance with a specific procedure. Here are the steps to follow to dissolve a
How to dissolve a SASU? Read more "
