FREQUENTLY ASKED QUESTIONS/What is the best corporate status for efficience and simplicity?/

Entrepreneurs

What is the corporate form you recommend for simplicity and efficiency?

The SAS is the legal form of company favored by startups today in France.

To develop quickly and without any unnecessary constraints, the legal form of your company should be stable and flexible. In this way, you can face various situations over time. The SAS is the most flexible legal form of company in France: you can easily modify the organisation of your company, accordingly to your growth.

Indeed, in opposition to the legal forms of the SARL or the SA, the SAS is characterized by the absence of an exhaustive regulation in the French trade regulation (Code du commerce in french). When it comes to the organisation of your company, anything can be planned in the articles of incorporation of a SAS.

In this way, the SAS for instance will help you simplify the process of decision-making for your company, and it will also help you avert anything that could hinder your growth. You can thus set the rules of majorities when it comes to general assembly’s votes. You can also freely choose the way you want to summon the assembly. For instance, you’ll be able to choose if you want to summon a General Assembly simply through email or text message, which can’t be done if you incorporate a SARL, a SCI, or SA. You can also decide how to allocate bonus shares to your employees, you can amend the rights of C-level executives  or change your capital easily and without any legal constraints. 

Besides, the minimum share capital deposit is one euro. This enables you to avoid immobilizing your fundings when launching your company. Indeed, this can happen if you create a SA, which requires 37,500€ of minimum share capital deposit. 

There can also be only one shareholder in a SAS (in opposition to the 2 or 7 minimum shareholders for a SA)

The mentioned advantages offered by the SAS make it possible to start your activity quickly and to make decisions on the organization of the company simply according to your growth and governance rules.

Furthermore, with a SAS, you can easily anticipate your future increases in capital, for which you will inevitably have to add new shareholders. With a SAS, you can indeed  freely add provisions that simplify the entrance of new shareholders in the capital.

What is the difference between a SAS and a SASU?

A SASU is a SAS with only one shareholder. the U stands for unique shareholder.

The applicable legal regime is, therefore, the same as that of the SAS.

The documents proposed by Alf anticipate changes in the distribution of capital and allow your company to be governed in the same way with one or more partners.

You can incorporate your own company and, without having to change the corporate governance, add one or more partners in the future.

 

Read more:

The registration process with Alf

After your incorporation: what is left to do?

Your first invoices: what should they include?

Get to know more about Alf’s services for companies by visiting our FAQs