What is a Société par Actions Simplifiée according to French law?
Q: What is a Société par Actions Simplifiée according to French law?
A: The Société par Actions Simplifiée (SAS) is a type of company according to French law.
Q: How is the SAS different from the Société Anonyme?
A: The SAS is similar to the Société Anonyme but simpler to set up.
Q: What are some examples of companies that are SAS?
A: Some examples of companies that are SAS are Airbus (of EADS) and Chanel.
Q: Why do foreign companies setting up in France often use the SAS form?
A: Foreign companies setting up in France often use the SAS form because it is simpler to set up.
Q: Can any company use the SAS form?
A: Yes, any company can use the SAS form if they wish to.
Q: Does the SAS have limited liability for its shareholders?
A: Yes, the SAS has limited liability for its shareholders.
Q: Does the SAS require a board of directors?
A: No, the SAS does not necessarily require a board of directors.
