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Which of the Following Is False Regarding Société Anonymes (SA)and

Question 32

Multiple Choice

Which of the following is false regarding Société Anonymes (SA) and Société à Responsabilité Limitée (SARL) companies in France?


A) SARL companies sell shares exclusively to company members.
B) French law does not require that SARL companies appoint an auditor.
C) French law requires that all SA companies appoint an independent auditor to verify the legality of their accounts.
D) SA companies offer shares to the public and must have only one shareholder.
E) Members of SARL companies are liable only to the extent of their contributions to the company.

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