Foren in 'Unregulated Investment Vehicles'
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S.A. (Société Anonyme)
public limited liability company;
shareholders: unlimited number, liability limited to their contribution;
in and out: shares are transferable as per the provisions of the articles of association
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SAS (Société par Actions Simplifiée)
simplified public limited liability company;
shareholders: unlimited number, liability limited to their contribution;
in and out: shares are transferable as per the provisions of the articles of association
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S.à r.l. (Société à Responsibilité Limitée)
private limited liability company;
shareholders: from 1 to 100 members (shareholders) with liability limited to their contribution;
in and out: transferring shares is not easy as it requires the consent of the other shareholders and must be registered on the Trade and Companies Register and published
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SCA (Société en Commandite par Actions)
partnership limited by shares;
shareholders: unlimited number with liability limited to their contribution;
in and out: shares are transferable as per the provisions of the artivcles of association
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SNC (Société en Nom Collectif)
general partnership;
shareholders: at least two shareholders ("the Partners"), all partners are fully personal liable;
in and out: the transfer of partnership interests requires the Partners' approval and must be registered
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SCS (Société en Commandite Simple)
limited partnership;
shareholders: at least two shareholders ("the Partners"); two types of Partners: (i) General Partners: fully personal liable, and (ii) Limited Partners: liability limited to their contribution;
in and out: the transfer of partnership interests requires the Partners' approval and must be registered
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SCSp (Société en Commandite Spéciale)
special limited partnership;
shareholders: at least two shareholders ("the Partners"); two types of Partners: (i) General Partners: fully personal liable, and (ii) Limited Partners: liability limited to their contribution;
in and out: the transfer of partnership interests requires the Partners' approval and must be registered
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SCOP (Société Coopérative)
cooperative company;
variable capital, a variable number of partners and the absolute non-transferability of shares to third parties; number of partners often changes, precisely because of the variable nature of its capital; a cooperative company is a commercial company; the partners are free to determine the extent of their liability and how the company operates and is managed
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SCoSA (Société Coopérative organisée sous forme de Société Anonyme)
cooperative company organised as a public limited liability company
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Unregulated Investment Vehicles
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