The Simplified Joint Stock Corporation: A New Structure for Doing Business in the Americas?
DOI:
https://doi.org/10.18800/agenda.201701.008Keywords:
Simplified corporation, SAS, simplified incorporation, formalization, model law, private international law, Organization of American States (OAS)Abstract
This article is an introduction to the OAS Model Law on the Simplified Corporation (SAS). As a simple and easy alternative corporate form that reduces complexity and hence, also the cost, the SAS extends the availability of incorporation to all business operations, particularly MSMEs, and so serves an important function in encouraging formalization. The article reviews the benefits associated with formalization, simplification of the process of business registration, and explains key elements of the Model Law in light of emerging global best practices.
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