![]() ![]() It became an independent, private business led by current CEO James Goodnight and three other project leaders from the university in 1976. SAS Institute started as a project at North Carolina State University to create a statistical analysis system (hence the proper name, Statistical Analysis System) that was originally used primarily by agricultural departments at universities in the late 1960s. The company is the world's largest privately held software business and its software is used by most of the Fortune 500. SAS develops and markets a suite of analytics software ( also called SAS), which helps access, manage, analyze and report on data to aid in decision-making. SAS Institute (or SAS, pronounced "sass") is an American multinational developer of analytics software based in Cary, North Carolina. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". ![]() The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. S.A.S.: the by-laws can state whether the shares can be freely transferred or require approval by the President, the shareholders or any relevant corporate body. S.A.R.L.: mandatory approval by the remaining shareholders via a super-majority vote as per law. S.A.S.: based on mandatory provisions, can be freely determined in the by-laws. S.A.R.L.: shareholders relationship is more regulated and mandatory with low room for customization. can also issue preferred shares, warrants, convertible bonds. S.A.S.: can issue bonds and a commissioner need to verify its assets and liabilities before two balance sheets have been approved by the shareholders. cannot issue preferred shares, warrants or convertible bonds. S.A.R.L.: can issue bonds only when reaching the above thresholds and issued three balance sheets approved by the shareholders. S.A.S.: requires 50% of the incorporation capital (the starting capital), the other 50% can be paid during the following 5 years. S.A.R.L.: requires 20% of the incorporation capital (the starting capital), the other 80% can be paid during the following 5 years. still need to appoint an auditor if it’s controlled by a company or it controls one or more companies. S.A.S.: when two of three thresholds are met at the end of a fiscal year (€1,000,000 of total assets, €2,000,000 of turnover, 20 employees) an auditor must be appointed. S.A.R.L.: when two of three thresholds are met at the end of a fiscal year (€1.550.000 of total assets, €3.100.000 of turnover, 50 employees) an auditor must be appointed. S.A.S.: can be governed by several entities defined in the bylaws such as corporate bodies, a board, a supervisory committee, and audit committee, and subject to the President and shareholders assembly powers. S.A.R.L.: is governed by the director (gérant) and the shareholders. S.A.S.: is managed by the President (only one person), that can be assisted by a General Director (directeur général) with similar power. This can be extended to a management board called “collège de gérants” S.A.R.L.: is managed by equally powered director(s) (can be one or two) called the “gérant(s)”. Let’s breakdown the ins and outs of both of them. You can start both kinds with a share capital of one single euro. (Société par Actions Simplifiée, or limited liability company by shares)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |