Cost of creating a SASU company
Starting a company requires completing numerous administrative procedures and incurring related expenses. These costs are additional burdens that the entrepreneur must bear.
Starting a company requires completing numerous administrative procedures and incurring related expenses. These costs are additional burdens that the entrepreneur must bear.
Before officially beginning the process of creating a Simplified Single-Person Company (SASU), it is essential to understand all associated costs. What is the cost of creating a SASU? What are the monthly operational expenses? How long does it take to create a SASU? Is it possible to create a SASU for free? Can you create a SASU online? Which creation costs are optional?
This article will detail the necessary expenses step-by-step for creating a SASU.
Before diving into these details, Micco stands as an all-in-one financial platform tailored for business creators, facilitating a comprehensive array of services. These include streamlined procedures for company registration, professional bank account establishment, capital deposit management, and more.
Micco's commitment to empowering business creators extends to:
- Effortless company registration processes
- Seamless professional bank account setup
- Convenient capital deposit management solutions
- A suite of additional financial tools and resources catered to entrepreneurs
With Micco, business creators can access a one-stop solution designed to streamline their financial operations and support their growth endeavors effectively.
Table of Contents
- Detailed Cost Table for Creating a SASU
- Cost of Drafting SASU Bylaws
- Minimum Investment Required for a SASU
- Legal Announcement Costs
- Registration Fees for a SASU
1. Detailed Cost Table for Creating a SASU
Administrative Procedures and Costs
The costs of creating a SASU are similar to those of creating a Simplified Joint-Stock Company (SAS), with only a few differences. The following table summarizes the various costs involved in creating a SASU, helping you understand the annual cost of a SASU.
2. Cost of Drafting SASU Bylaws
Drafting the Bylaws Yourself
If you have the necessary legal knowledge, you can draft the bylaws yourself, reducing creation costs. However, this approach carries risks, as non-professionals may overlook critical legal issues. Here are some points to consider when drafting bylaws:
- Precision of Clauses: Ensure all clauses are clear and precise to avoid future interpretation conflicts.
- Compliance: Ensure the bylaws comply with all legal requirements to avoid legal disputes.
Hiring a Professional to Draft Bylaws
If you hire a lawyer, accountant, or notary to draft the bylaws, the cost typically ranges from 1,500€ to 2,500€. Although this approach is more expensive, it ensures the legality and accuracy of the bylaws, especially for complex projects.
Using Micco Online Platform
Using an online platform like Micco can significantly reduce costs. Micco can generate all necessary documents, typically costing around 200€. Micco Offers comprehensive legal document generation and consulting services at an affordable price.
3. Minimum Investment Required for a SASU
As the sole shareholder, you must invest in the SASU from its creation and throughout its activity. The minimum investment amount is 1€. However, depending on the nature of your project and the need to secure a loan, it is advisable to make a larger capital investment to enhance creditworthiness and attract investors.
Capital Deposit Fees
Capital deposits can be made in the following ways:
- Traditional Banks: Typically do not charge deposit fees but may require account opening and management fees.
- Online Banks: Fees range from 70€ to 150€.
- Notaries: Fees are around 100€.
Factors to consider when choosing a depository include:
- Traditional Banks: Usually offer more comprehensive services and higher security but at higher costs.
- Online Banks: Lower fees and online services, suitable for small business.
- Notaries: Suitable for legally safeguarded capital deposits but at higher costs.
Micco provides fully online capital registration services, completing registration in just 15 minutes, assisting you with all the necessary procedures to register your company.
4. Legal Announcement Costs
When creating a SASU, you must publish a legal announcement in a legal announcement newspaper. The cost of an announcement typically ranges from 138€ to 162€ (depending on the department). Some common announcement newspapers and their publication fees include:
- Les Echos: National newspaper with higher announcement fees.
- La Gazette du Palais: Specialized legal newspaper with lower announcement fees.
Legal announcement costs are an unavoidable part of creating a SASU and should be included in your budget.
5. Registration Fees for a SASU
Commercial Activity Registration Fees
After publishing the legal announcement, you need to register the SASU. Registration fees vary based on your business type:
- Commercial Activity: 37.45€ (including tax) + 8.03€ (document submission fee).
- Artisanal Activity: Same fees as commercial activity, plus a 15€ CMA fee and a 100€ to 200€ CMA support fee.
Declaration of Beneficial Owners Fees
An additional 21.41€ must be paid for the online declaration of beneficial owners.
Registration Process Considerations
- Prepare all necessary documents: Including bylaws, capital deposit proof, and announcement proof.
- Choose the appropriate registration body: Based on your business type to ensure a smooth registration process.
6. Other Optional Costs
In addition to the necessary costs mentioned above, there are some optional costs depending on your specific situation. These costs may include but are not limited to:
- Consultation Fees for Lawyers or Accountants: If your business is complex, it is advisable to consult professionals to ensure all legal and financial issues are properly addressed.
- Business Insurance: Depending on the nature of your business, you may need to purchase business insurance to protect the company from potential risks.
Creating a Simplified Single-Person Company (SASU) involves several expenses, including drafting bylaws, capital deposits, legal announcements, and registration fees. By understanding and planning for these costs, you can better budget and manage your startup expenses. We hope this article provides useful information to help you successfully create your SASU.
As a financial services company, Micco provides comparable services and solutions tailored to the needs of modern businesses. With a user-friendly platform, competitive pricing, and a commitment to customer satisfaction, Micco is a viable option worth exploring.
Whether you're a freelancer, startup, or established enterprise, Micco offers the tools and support needed to streamline financial operations and drive business growth. Check out Micco today to discover how it can complement your business banking needs.
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