SIMPLIFIED SINGLE-PERSON JOINED COMPANY (SASU) and the GDPR

The Société par Actions Simplifiée Unipersonnelle (SASU) is a legal form of business in France that allows an entrepreneur to create a business alone while benefiting from the management flexibility and limited liability protection of shareholders.
The SASU is a simplified form of the Simplified Joint Stock Company (SAS), which allows a single shareholder to form a joint-stock company. The SASU operates like an SAS, except that it has only one partner, called the president of the SASU.

The Single-Member Simplified Joint Stock Company (SASU) is aimed at people wishing to create a business while benefiting from great organizational flexibility, while having liability limited to the amount of their contributions to the company.
The SASU is particularly suitable for entrepreneurs wishing to carry out an economic activity independently, without having to partner with other people. It allows you to benefit from the advantages of the SAS (organizational flexibility, contractual freedom, liability limited to contributions) while being managed by a single natural or legal person.
The SASU is also suitable for entrepreneurs with an ambitious development project, requiring significant fundraising from investors. It can also be used to create subsidiaries of existing companies, or for asset management.

It should be noted, however, that the SASU is subject to certain formalities, particularly in terms of drafting the statutes, holding shareholder meetings, appointing the chairman and managing the accounts. It must also comply with the legal and tax obligations applicable to companies.
The president of the SASU is responsible for the company's decisions and day-to-day management. He or she may be compensated in the form of a salary and/or dividends. The SASU's articles of association can be adapted to the company's specific needs, and the partners have considerable contractual freedom to organize the company's operations.
The SASU is subject to corporate income tax (IS) and the company's profits are taxed at the corporate level. Shareholders are only liable for the company's debts to the extent of their capital contributions.
The SASU offers advantages such as management flexibility, limited liability protection for shareholders, the ability to compensate the president in the form of salary and dividends, and a positive brand image for businesses. However, the SASU can be more complex and expensive to create and manage than a sole proprietorship or EURL.

As a Simplified Joint Stock Company (SASU), the types and nature of personal data you can process will depend on the type of business you carry out. However, here are some examples of personal data that SASUs can process:

• Personally identifiable information: This may include data such as name, address, email address, telephone number, date of birth, and social security number.
• Financial Information: This may include information such as credit card numbers, banking information, payment information, debts and financial assets.
• Employment Information: This may include information such as employee name, employee address, salary, leave details, and benefits.
• Customer Information: This may include information such as the customer's name, address, telephone number, and purchase history.
• Supplier Information: This may include information such as name, address, telephone number and contract terms.
• Shareholder information: This may include information such as the name, address and number of shares held by the sole shareholder.

It is important to note that SASUs are subject to personal data protection regulations and must comply with applicable data protection laws, such as the General Data Protection Regulation (GDPR) in Europe and the Consumer Online Privacy Protection Act (CCPA) in California. SASUs must ensure that all personal data they collect is processed securely and in accordance with applicable laws.