If you are willing right now to create a new company and to freely develop your activity without being restrained by complicated legal paperwork that would slow you down, then you should definitely give the SAS (Société par Actions Simplifiée) some credit and discover why everyone is choosing this company’s form over more traditional ones such as the SARL or the SA (from a legal standpoint, tax advantages will be examined in a later article).
The first thing you should know if you want to launch your SAS is that whether or not you decide to create it with some partners or alone, the form of your company will automatically adapt to your need. If you have no associates, it will be called a SASU (société par actions simplifiée unipersonnelle), but if one day you want to open your company’s share capital to other shareholders, it’s totally possible thanks to the flexible nature of the SAS(U).
Indeed, the SAS does not require a minimum amount of money in order to be able to launch your company. You decide precisely how much you want to invest in the society to begin with. It means that you can start your activity with no less than €1 per associates. SAS freedom lies also in the fact that you can always modify the condition of entry for new partners by defining a specific minimum social capital. The pricing of your company is up to you !
One of the most crucial feature of a company is the way it will operate to accurately fit your needs, in other word: the corporate governance system. The SAS structure is designed to be as flexible as possible. You can rewrite the code of your company to smooth as much as possible the decision making. Every company is unique and requires different kind of management. With the SAS, it’s possible to define the rules which controls the corporate governance as long as associates are on a common ground.
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