Transformation Audit

Our assistance with adopting bylaws for a joint-stock company and changes to corporate status

The intervening mission of the transformation auditor is when the shareholders or partners decide to adopt the statutes of a joint-stock company (SA, SAS, SCA) or when a limited liability company changes the status.

A transformation auditor is appointed in the cases mentioned below:

• The conversion of an SAS not having an auditor in SA or SCA; 
• The conversion of an SARL not having an auditor in SA, SAS or SCA; 
• The conversion of an SCS, SNC or civil company not having an auditor in SA, SAS or SCA.

The appointment is under the same conditions as those applicable to the capital contribution or merger auditor and is carried out usually unanimously by the partners, or in case of disagreement, by the President of the Commercial Court at the request of the managers of the company.

The transformation auditor ensures the real value of a company’s assets. 

Transformation audit responsibilities include:

• Assuring that the value of assets in the assets of the company shall be verified; 
• Attesting that the equity capital is at least equal to the share capital; 
• Verifying any special advantages, possibly.