Company statutes (SAS)
The simplified joint-stock company (SAS) is the most flexible legal form in French company law. Governed by articles L227-1 et seq. of the Code de commerce, it offers wide statutory freedom to organise governance, the allocation of capital and collective decisions. Well-drafted statutes are the company's founding instrument: they set its purpose, its capital, the rules for transferring shares, the powers of the president and the procedures for consulting shareholders. A template tailored to your situation lets you register your SAS with the Registre du commerce et des sociétés under the best conditions. Please note that this form is completed in English, but the document itself is generated in French, ready to be signed and filed in France.
Note: the questionnaire is in English; the generated document is in French.
The company
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Frequently asked questions
How many shareholders are needed at minimum to set up a SAS?
A SAS may be formed by a single shareholder (in which case it is a SASU, single-member simplified joint-stock company) or by several shareholders. There is no legal ceiling on the number of shareholders in a SAS.
What is the minimum share capital of a SAS?
There is no legally imposed minimum capital for a SAS: the capital may be freely set in the statutes, from a symbolic 1 euro. Nonetheless, a capital consistent with the intended activity strengthens the company's credibility with partners and banks.
Who can be president of a SAS?
The president of a SAS may be a natural or legal person, whether or not a shareholder of the company. They are appointed by the statutes or by a collective decision of the shareholders. Their powers and remuneration are set in the statutes or by a decision of the shareholders.
Do the statutes have to be registered?
Since the abolition in 2015 of the requirement to register company instruments, SAS statutes no longer have to undergo the registration formality with the tax authorities, except in the event of a contribution of real property or a business. They must, however, be filed with the greffe upon registration.
Other templates
See all →Demarches-Simplifiees.co — Demarches-Simplifiees.co is an independent service. This template is provided for information only and does not constitute personalised legal advice. Documents are issued in French.