France SAS vs SASU

SAS is a type of legal entity in France, officially known as "Société par Actions Simplifiée". It is a type of combined ownership company with limited liability. A SAS cannot offer its shares to the public or list them; only the offers Article L227-2 of the Code de commerce allows, such as offers to qualified investors, are open to it. It has a minimum requirement of one shareholder and at least one director. Unlike other legal entities, SAS does not require the involvement of local residents as directors or the need for a company secretary. Its président is its legal representative by law. However, the minimum registered capital for SAS starts from 1 euro. Overall, SAS is a flexible and simple legal entity suitable for small businesses and startups.