Societe par Actions Simplifiee(redirected from Société par actions simplifiée)
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Societe par Actions Simplifiee
Also called an SAS. A French company based upon a limited liability company in the United States. Unlike some other French corporations, SAS companies do not have a board of directors. Rather, the organization is responsible to a President, who may hire a General Manager at his/her discretion. The company's balance sheet is published and its annual statements are controlled by an outside party.