SC and SAS differ on three main points:

• Taxation: for French fiscal residents, the SC is fiscally transparent (fiscal residents outside of France must check their own taxation but this may lead them to pay taxes in France) while the SAS is subject to corporate tax income.
​

• Confidentiality of the Partners: in the SAS, the identity of the investors is not known by the public. In the SC, the names of all investors are public as they need to be published with the trade and commerce registry.

• Liability: in the SAS, the investors’ liability is strictly limited to their investments. In the SC, there is in principle, an unlimited liability. However, this difference should not matter in practice (for more information on this point please consult this article).