What are the types of companies in France?
There are various types of companies in France. These are:
1. Société Anonyme (SA): Known as Joint Stock Company, SA is one of the most commonly used company types. Such companies raise capital through shares, and shareholders limit their liability to the capital they invest.
2. Société à Responsabilité Limitée (SARL): Known as a Limited Liability Company, SARL is a preferred type of company for smaller businesses. Such companies provide limited liability for partners and require less capital.
3. Société par Actions Simplifiée (SAS): Known as Simplified Joint Stock Company, SAS is a more flexible type of company. In such companies, there is greater flexibility and freedom of agreement among shareholders.
4. Entreprise Individuelle (EI): EI, also known as an Individual Enterprise, is a type of company operated by a single person. In such companies, the operator makes all decisions and assumes all responsibility.
5. Société en Nom Collectif (SNC): Known as a Partnership Company, SNC is a type of company established between at least two partners. In such companies, partners have unlimited liability for the company's debts.
6. Société en Commandite Simple (SCS): SCS, known as a Limited Company, is a type of company established between at least one general partner and at least one complementary partner. While limited partners participate in the business with limited liability, complementary partners have unlimited liability. These are some types of companies only found in France. It is important for those wishing to establish a company in France to seek help from legal and tax advisors, as each type of company is subject to certain legal requirements.
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