Are you a student or young worker full of ambition and are you considering launching into entrepreneurship? The SASU (Simplified Single-Personal Joint Stock Company) could well be a suitable solution to bring your projects to fruition. But be careful: in all the essential steps to create a SASU, it is better to be accompanied. Discover here the advantages of this status, its specificities for students and young professionals, as well as the key steps to embark on the great adventure of entrepreneurship.
The advantages of SASU
SASU offers many advantages that make it a wise choice for budding entrepreneurs like you. Among them, limited liability for a safe choice, flexibility for the freedom that this offers and facilitated partnerships to develop you.
Limited liability
First of all, by the simple fact of create a SASUyou benefit from limited liability. This means that your personal assets will not be involved in the event of financial difficulties in your business. You can therefore calmly embark on your project without fear of endangering your personal assets.
Flexibility
Another advantage of SASU is its flexibility. As you are a “sole partner”, you have the freedom to set the operating rules of your company as you wish, particularly with regard to the distribution of powers and voting rights. This allows you to structure your business in a way that suits your specific needs (and ambitions). You can also change these rules along the way without having to call a general meeting.
Facilitated partnerships
SASU facilitates fundraising and partnerships. Indeed, this legal status is appreciated by investors and potential partners, because it offers greater security and transparency within contractual relationships. Fund raising procedures are therefore streamlined.
The specificities of SASU for students and young professionals
SASU offers particularly interesting features for students and young professionals who wish to thoughtfully launch into entrepreneurship. The first good news, if you are in a hurry and have clear ideas, is that SASU allows you to combine your student status with that of an entrepreneur. You can thus reconcile your studies and your entrepreneurial project without major constraints, which can only boost your motivation.
SASU also offers you the possibility of benefiting from “student-entrepreneur” status, which gives you access to personalized support, as well as specific training and resources to help you develop your project. This status also makes it easier to obtain financing and subsidies dedicated to young entrepreneurs.
By choosing SASU, you can finally take advantage of your situation as a young worker to promote your skills and experience. By creating your business, you will be able to highlight your atypical background and your achievements to attract customers and partners. Your experience as a business creator is also an excellent point to add to your CV.
The steps to create a SASU
Now that you are convinced of the advantages of SASU, let’s move on to the concrete steps to create it. Let’s see how to proceed, point by point.
- The first step is to write the statutes of your SASU. These statutes define the operating rules of your company, in particular the distribution of capital, the methods of decision-making, and many others. You can get help from a legal professional to ensure that your statutes comply with the legislation in force when creating a SASU. The drafting of the statutes of a SASU indeed obeys certain rules which must be observed.
- Once the statutes have been drawn up and the manager has been appointed, you will need to publish a legal announcement to formalize the creation of your SASU. This announcement will contain information such as the company name, head office address and name of the manager. It will be published in an authorized journal. Be careful, this approach
does not present any particular difficulty, but it is not free. - Then, you will need to register with the Business Formalities Center (CFE) responsible for your activity. The CFE centralizes all the administrative procedures necessary for the creation of your business.
- Finally, the final step will be the registration of your SASU in the Trade and Companies Register (RCS). This registration will allow you to obtain a Kbis extract, an official document which proves the legal existence of your company.
At that time, you will have to appoint the leader of your SASU, that is to say yourself. You will have the choice between the title of president, CEO, general director or any other title that corresponds to your role and your aspirations for your project.
There you are, you now have all the keys in hand to create your SASU successfully! Do not hesitate to be accompanied by professional lawyers or entrepreneurs to help you in your efforts and optimize your chances of success.
