Société par actions simplifiée
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Société par actions simplifiéeUnited States law, as the Delaware LLC was the model used by the French government.[citation needed] The SAS is also similar to the limited company in British law, and most other hybrids, though the hybrid in civil-law countries is quite different because there is also a hybrid of common law principles applied.
A société par actions simplifiée has its
managing director
), who has the same authority as the président with respect to third parties. The président can be either a physical person or a corporation, if there is only one shareholder. An SAS with only one shareholder is known as a société par actions simplifiée unipersonnelle (SASU).
The société par actions simplifiée form of organization is useful for companies that are wholly owned
Louis Dreyfus Group
, a trading conglomerate, is held in this manner by members of the Louis-Dreyfus family.
References
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