What to keep in mind
The bylaws must reflect sole ownership and satisfy current capital-payment, governance and supervisory requirements, including ongoing compliance costs.
Having one shareholder neither removes supervision nor permits unrestricted mixing of personal and corporate assets.
Distinctions often confused
An SAU is not interchangeable with a one-member SRL; the respective legal forms have different rules.
Frequently asked questions
Does an SAU need a nominal second shareholder?
No. Its purpose is to permit a corporation with a single shareholder.
Is the sole shareholder automatically liable without limit?
Not as a general rule, although personal guarantees, abuses or specific breaches may create liability.
Informational content. It is not a substitute for professional advice.