Company statutes (SASU)
The single-member simplified joint-stock company (SASU) is a corporate form widely chosen by individual entrepreneurs who wish to operate through a company while retaining a high degree of statutory flexibility. Governed by articles L227-1 et seq. of the Code de commerce, the SASU allows a sole shareholder to freely set the operating rules in its statutes, within the sole limits imposed by law. These statutes, drafted from official legal sources, cover all mandatory particulars and the usual clauses: name, corporate purpose, registered office, duration, capital, shares, powers of the president and the rules governing decisions of the sole shareholder. 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.
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Frequently asked questions
What particulars must SASU statutes contain?
Under article L210-2 of the Code de commerce, the statutes must state the corporate form, duration, name, registered office, corporate purpose and the amount of the share capital. For the SASU, the conditions under which the company is managed (L227-6) and the decision-making procedures of the sole shareholder must also be added.
What is the minimum capital for a SASU?
The law sets no minimum capital for a SASU. The capital may be as low as 1 EUR, but practice and financial partners recommend an amount suited to the intended activity. The capital is divided into shares of equal nominal value.
Who can be president of a SASU?
The president may be the sole shareholder or a third party, whether a natural or legal person. Where the president is also the sole shareholder, the two capacities are combined. The president may be removed under the conditions set in the statutes (art. L227-6 of the Code de commerce).
Do SASU statutes have to be registered?
Since the abolition of the tax registration requirement (Pacte law 2019), the statutes no longer have to be filed with the tax authorities. They must, however, be filed with the greffe of the commercial court when applying for registration, together with the required supporting documents.
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