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.
It is possible, under certain conditions, to close a SASU through an amicable settlement. The company must be in good financial health. This method of liquidation is only authorized if the SASU is not in a state of cessation of payments. Here are the 10 steps that will allow you to proceed […]
What is the procedure for liquidating a SASU amicably? Read more "
Closing a single-member simplified joint stock company – SASU – is an unusual operation. It requires following a procedure and fulfilling formalities regulated by law (often complex). The procedure generally raises many questions to which it is best to provide answers before starting. To help you in this mission, Fondation-entreprise-ricard
10 frequently asked questions about closing a SASU (FAQ) Read more "
Closing a SASU represents a complex procedure which requires adequate organization. There are many steps involved. It is possible to do some of them yourself, using online templates and tools. To close a SASU, it must first be dissolved, then liquidated. Each step requires work: writing documents, filling out
Closing a SASU: the complete and free guide Read more "
A simplified single-member joint stock company (SASU) can change its purpose during its existence. This change requires compliance with certain procedures (including a modification of the statutes) and the completion of various administrative formalities. Fondation-entreprise-ricard offers you a file on the modification of the corporate purpose of a SASU, presenting in particular all the steps to follow
How to modify the corporate purpose of a SASU? Read more "
During its existence, the statutes of a SASU (simplified single-member company) may be subject to modifications in the event of decisions taken by the sole shareholder. These include decisions concerning the modification of the name of the company or the modification of the object of the company or the transfer of the head office or
What are the rules to follow to modify the statutes of a SASU? Read more "
The sole shareholder of a simplified company with a single shareholder (SASU) has the power to make decisions that have an impact on the operation and existence of the company. Below you will find the complete list of powers of the sole shareholder as well as the decision-making procedures. # Decisions of the sole shareholder in the SASU. L
Modification of the statutes of a SASU: the decisions of the sole shareholder Read more "
The dissolution of a SASU has numerous repercussions. These concern several people: the company (in a state of liquidation), the legal representative (generally the president) and the sole shareholder. For it to be enforceable against third parties, it must be published in an appropriate journal. Fondation-entreprise-ricard answers here the question: what are
What are the effects of the dissolution of a SASU? Read more "
When the natural person would like to delete their SASU from the company register, they should follow certain procedures. It is essential to verify that the conditions are met before proceeding with the termination of the SASU. Here are the steps to follow to unregister a SASU: Analyze the financial health of the SASU Decide
What are the formalities to complete to cancel a SASU? Read more "
