Step-by-step guide to establishing a Simplified Joint Stock Company (SAS)

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IN BRIEF
Step 1	Write the statutes of the SAS
Step 2	Deposit share capital on a blocked account
Step 3	Appoint leaders of the SAS
Step 4	Publish a legal notice in an authorized journal
Step 5	Submit the file of creation at the Center for Business Formalities (CFE)
Step 6	Obtain registration from the SAS to the trade and companies register (RCS)

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The establishment of a Simplified Joint Stock Company (SAS) offers attractive flexibility and freedom of management for entrepreneurs. This guide will detail the essential steps to create a SAS, particularly addressing the drafting of statutes, THE deposit of share capital, and the publication of a legal notice. With clear and concise instructions, this guide makes each phase of the process accessible, making it easier to set up your legal structure.

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The creation of a Simplified Joint Stock Company (SAS) is a structured process which requires following several key steps. This detailed guide accompanies you, step by step, from drafting the statutes to registering your company, including the appointment of directors and the publication of a legal announcement. Our objective is to provide you with all the necessary elements to successfully set up your SAS with complete peace of mind.

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Choose a project and develop a strategy

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Before launching your SAS, it is crucial to clearly define your project as well as the strategy associated with it. This step includes defining your business model, assessing financial feasibility and market analysis. You need to develop a detailed business plan that will serve as a roadmap for your future activities.

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Drafting of the statutes of the SAS

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The statutes of the SAS are a fundamental document, because they govern the operation of the company. They must include precise information such as the company name, head office address, corporate purpose, duration of the company and management methods. Particular attention must be paid to the rights and obligations of partners, the share capital and the conditions of transfer of shares.

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Structuring social capital

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The share capital of the SAS may consist of contributions in cash, in kind or in industry. Cash contributions must be deposited into a blocked account opened in the name of the company being formed. It is possible to partially release cash contributions, provided that the balance is paid within five years following the registration of the company.

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Appoint the directors of the SAS

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The choice of SAS directors is a crucial step. The flexibility of the SAS status allows the designation of several managers, the President being necessarily appointed. It is also possible to appoint General Directors or Deputy General Directors. These managers can be natural or legal persons, which offers great management flexibility.

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Carry out the preliminary formalities

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Once the statutes have been drawn up and the directors appointed, various formalities must be completed. Among these, the evaluation of contributions in kind by a Contribution Commissioner, and the creation of the list of acts carried out on behalf of the company being formed. These deeds may be included in a statement of deeds in order to allow recovery by the SAS once registered.

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Publication of a legal notice

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The publication of a legal notice is a mandatory step when creating an SAS. This announcement informs the public of the formation of your company. It must be published in an authorized legal notices journal of the department of the company's head office. This announcement includes key information about the company such as name, legal form, share capital, registered office address and details of directors.

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Registration of the SAS

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To finalize the creation of your SAS, you must submit a registration file to the competent Business Formalities Center (CFE), or directly online on the website of the one-stop shop for businesses. This file includes the signed statutes, proof of deposit of funds, certificate of publication of the legal announcement and various administrative documents. Once the file is accepted, the SAS is registered and the Kbis - official document attesting to the existence of the company - is issued.

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By following these steps, you will be able to create your Simplified Joint Stock Company efficiently and in compliance with current legislation. It is advisable to consult a lawyer or accountant to guide you through this process.

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Step-by-step guide to establishing a Simplified Joint Stock Company (SAS)

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Stage	Description
1. Drafting of the statutes	Establish the operating rules of the SAS
2. Constitution of share capital	Deposit cash contributions into a blocked account
3. Appointment of managers	Appoint the president of the SAS and any other managers
4. Publication of a legal notice	Inform the public of the creation of the SAS via a legal notice journal
5. Submission of documents	Submit the complete file to the Business Formalities Center (CFE)
6. Registration of the SAS	Register the company in the Trade and Companies Register (RCS)
7. Obtaining the Kbis extract	Receive the document formalizing the creation of the company
8. Opening a bank account	Use the Kbis extract to open a professional account
9. Bookkeeping	Set up accounting records
10. Tax and social regime	Declare and pay taxes and social security contributions

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Initial Steps

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• Project development : Define the objectives and activities of the SAS.
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• Appointment of directors : Designate the president and possibly other governing bodies.
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• Share capital : Determine and deposit the share capital into a blocked bank account in the name of the company.
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• Drafting of statutes : Write the statutes by defining the internal operating rules of the SAS.
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Administrative formalities

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• Publication of a legal announcement : Announce the creation of the SAS in an authorized newspaper.
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• Filing of deeds : Submit the documents and acts to the business formalities center (CFE).
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• Registration : Obtain registration of the SAS in the Trade and Companies Register (RCS).
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• Receipt of the Kbis : Receive the Kbis extract attesting to the legal existence of the SAS.
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