There are two main types of commercial limited liability companies, the SARL ( Société à Responsabilité limitée) and the SA (Société Anonyme).
SARL
The main characteristics of the SARL are:
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capital of 7.500 euros
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no bearer shares
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a minimum of one shareholder
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no statutory outside auditor needed
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no annual assembly of shareholders necessary (if less than 25 shareholders)
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1 director (gérant) minimum
SA
The main characteristics of the SARL are:
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capital of 37.000 euros
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choice of registered or bearer shares
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a minimum of 7 shareholders
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an independent auditor is required
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an annual assembly of shareholders is necessary
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3 directors minimum
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