Société Anonyme (S.A.): Definition, Examples, Requirements

A Société Anonyme (S.A.) is a type of corporation that is found in France and other countries that have adopted French civil law. S.A.s are similar to corporations in the United States, but there are some key differences.

One of the main differences between S.A.s and corporations in the United States is the way that they are managed. S.A.s are managed by a board of directors, which is elected by the shareholders. The board of directors is responsible for setting the company's policies and making major decisions. In contrast, corporations in the United States are managed by a board of directors that is appointed by the shareholders.

Another difference between S.A.s and corporations in the United States is the way that they are taxed. S.A.s are taxed on their profits, just like corporations in the United States. However, S.A.s also have to pay a tax on their capital gains. Corporations in the United States do not have to pay a tax on their capital gains.

S.A.s are a popular choice for businesses in France and other countries that have adopted French civil law. They offer a number of advantages over other types of corporations, such as limited liability for shareholders and the ability to raise capital through the issuance of shares.

Here are some examples of S.A.s:

• LVMH Moët Hennessy Louis Vuitton
• L'Oréal
• Air France-KLM
• Renault
• Peugeot

To form an S.A., you will need to file the appropriate paperwork with the government. The requirements for forming an S.A. vary from country to country. However, some of the common requirements include having at least two shareholders, a board of directors, and a registered office.

If you are considering forming an S.A., it is important to speak to an attorney to make sure that you are aware of all of the requirements and that you are properly structuring your company.