SASU
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.