{"id":9872,"date":"2020-03-17T13:51:37","date_gmt":"2020-03-17T12:51:37","guid":{"rendered":"https:\/\/www.agilit.law\/?p=9872"},"modified":"2025-04-09T11:09:34","modified_gmt":"2025-04-09T09:09:34","slug":"start-up-ce-que-vous-devez-savoir-sur-les-bsa-air","status":"publish","type":"post","link":"https:\/\/www.agilit.law\/en\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/","title":{"rendered":"Start up : Ce que vous devez savoir sur les BSA AIR"},"content":{"rendered":"<p>Les BSA Air ou<strong> B<\/strong>on de <strong>S<\/strong>ouscription d\u2019<strong>A<\/strong>ctions <strong>A<\/strong>ccord d\u2019<strong>I<\/strong>nvestissement <strong>R<\/strong>apide, est un mod\u00e8le d\u2019investissement pour startups en phase d\u2019amor\u00e7age. Ce mod\u00e8le permet aux soci\u00e9t\u00e9s, de lever des fonds rapidement sans faire d\u2019augmentation de capital et avec un minimum de formalit\u00e9s.<\/p>\n<p>&nbsp;<\/p>\n<p>Le BSA-AIR ne peut \u00eatre \u00e9mis que par des\u00a0soci\u00e9t\u00e9s par actions, notamment les <a href=\"https:\/\/www.legalstart.fr\/fiches-pratiques\/sas\/\">SAS<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Comment \u00e7a marche\u00a0?<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>Un investisseur verse des fonds \u00e0 une startup. En \u00e9change de son investissement, il re\u00e7oit un bon de souscription d\u2019actions (BSA), qui lui permettra, lors d\u2019un \u00e9v\u00e8nement ult\u00e9rieur, souvent une lev\u00e9e de fonds, de souscrire \u00e0 des actions de la soci\u00e9t\u00e9 \u00e0 un prix d\u00e9cot\u00e9 par rapport aux investisseurs participants \u00e0 cette lev\u00e9e de fonds. Sch\u00e9matiquement, l\u2019investisseur pourra convertir son investissement en actions s\u2019il d\u00e9cide de lever l\u2019option. Cet avantage r\u00e9compense le risque qu\u2019il a accept\u00e9 de prendre en investissant dans une soci\u00e9t\u00e9 en phase d\u2019amor\u00e7age.<\/p>\n<p>&nbsp;<\/p>\n<p>L\u2019\u00e9mission de BSA n\u00e9cessite une d\u00e9cision d\u2019assembl\u00e9e g\u00e9n\u00e9rale et la signature d\u2019un contrat entre la soci\u00e9t\u00e9 et l\u2019investisseur, appel\u00e9 accord d\u2019investissement rapide (l\u2019<em>AIR<\/em>) qui d\u00e9terminera notamment la d\u00e9cote dont l\u2019investisseur b\u00e9n\u00e9ficiera pour la souscription des actions.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Quel est l\u2019int\u00e9r\u00eat des BSA AIR\u00a0?<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong><em>Les avantages du BSA-AIR pour la start-up :<\/em><\/strong><\/p>\n<p><em>\u00a0<\/em><\/p>\n<ul>\n<li>Augmentation de ses fonds propres imm\u00e9diatement<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Rapidit\u00e9 et simplicit\u00e9 par rapport \u00e0 une lev\u00e9e de fonds classique (pas de valorisation pr\u00e9alable, pas de n\u00e9gociation de pacte)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Absence de dilution<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><em>Les avantages du BSA-AIR pour l\u2019investisseur :<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>La d\u00e9cote sur le prix de souscription des actions<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>La possibilit\u00e9 de plus-value<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Notre accompagnement<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>ORIS vous accompagne pour r\u00e9aliser cette op\u00e9ration de A \u00e0 Z\u00a0:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Elaboration des conditions d\u2019\u00e9mission des BSA AIR<\/li>\n<li>N\u00e9gociations<\/li>\n<li>R\u00e9daction<\/li>\n<li>Suivi jusqu\u2019\u00e0 la fin du plan et la souscription des actions1717<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Les BSA Air ou Bon de Souscription d\u2019Actions Accord d\u2019Investissement Rapide, est un mod\u00e8le d\u2019investissement pour startups en phase d\u2019amor\u00e7age. Ce mod\u00e8le permet aux soci\u00e9t\u00e9s, de lever des fonds rapidement sans faire d\u2019augmentation de capital et avec un minimum de formalit\u00e9s. &nbsp; Le BSA-AIR ne peut \u00eatre \u00e9mis que par des\u00a0soci\u00e9t\u00e9s par actions, notamment les&hellip;<\/p>\n","protected":false},"author":22,"featured_media":9263,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"coauthors":[143],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT\" \/>\n<meta property=\"og:description\" content=\"Les BSA Air ou Bon de Souscription d\u2019Actions Accord d\u2019Investissement Rapide, est un mod\u00e8le d\u2019investissement pour startups en phase d\u2019amor\u00e7age. Ce mod\u00e8le permet aux soci\u00e9t\u00e9s, de lever des fonds rapidement sans faire d\u2019augmentation de capital et avec un minimum de formalit\u00e9s. &nbsp; Le BSA-AIR ne peut \u00eatre \u00e9mis que par des\u00a0soci\u00e9t\u00e9s par actions, notamment les&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/\" \/>\n<meta property=\"og:site_name\" content=\"AGIL&#039;IT\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T12:51:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-09T09:09:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.agilit.law\/wp-content\/uploads\/2021\/02\/shutterstock_664817506.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"813\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Salom\u00e9 Garlandat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Salom\u00e9 Garlandat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/\",\"url\":\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/\",\"name\":\"Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT\",\"isPartOf\":{\"@id\":\"https:\/\/www.agilit.law\/#website\"},\"datePublished\":\"2020-03-17T12:51:37+00:00\",\"dateModified\":\"2025-04-09T09:09:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.agilit.law\/#\/schema\/person\/5b6d14f687721f704018b8ac23c2248d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.agilit.law\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Start up : Ce que vous devez savoir sur les BSA AIR\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.agilit.law\/#website\",\"url\":\"https:\/\/www.agilit.law\/\",\"name\":\"AGIL&#039;IT\",\"description\":\"Make things simple\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.agilit.law\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.agilit.law\/#\/schema\/person\/5b6d14f687721f704018b8ac23c2248d\",\"name\":\"Salom\u00e9 Garlandat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.agilit.law\/#\/schema\/person\/image\/67098f80eb591719ae3cc14b61cb4f5f\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/364457a6b49dde4aca82456fb0441113?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/364457a6b49dde4aca82456fb0441113?s=96&d=mm&r=g\",\"caption\":\"Salom\u00e9 Garlandat\"},\"url\":\"https:\/\/www.agilit.law\/en\/author\/salome\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/","og_locale":"en_US","og_type":"article","og_title":"Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT","og_description":"Les BSA Air ou Bon de Souscription d\u2019Actions Accord d\u2019Investissement Rapide, est un mod\u00e8le d\u2019investissement pour startups en phase d\u2019amor\u00e7age. Ce mod\u00e8le permet aux soci\u00e9t\u00e9s, de lever des fonds rapidement sans faire d\u2019augmentation de capital et avec un minimum de formalit\u00e9s. &nbsp; Le BSA-AIR ne peut \u00eatre \u00e9mis que par des\u00a0soci\u00e9t\u00e9s par actions, notamment les&hellip;","og_url":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/","og_site_name":"AGIL&#039;IT","article_published_time":"2020-03-17T12:51:37+00:00","article_modified_time":"2025-04-09T09:09:34+00:00","og_image":[{"width":1500,"height":813,"url":"https:\/\/www.agilit.law\/wp-content\/uploads\/2021\/02\/shutterstock_664817506.jpg","type":"image\/jpeg"}],"author":"Salom\u00e9 Garlandat","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Salom\u00e9 Garlandat","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/","url":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/","name":"Start up : Ce que vous devez savoir sur les BSA AIR - AGIL&#039;IT","isPartOf":{"@id":"https:\/\/www.agilit.law\/#website"},"datePublished":"2020-03-17T12:51:37+00:00","dateModified":"2025-04-09T09:09:34+00:00","author":{"@id":"https:\/\/www.agilit.law\/#\/schema\/person\/5b6d14f687721f704018b8ac23c2248d"},"breadcrumb":{"@id":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.agilit.law\/private-equity\/start-up-ce-que-vous-devez-savoir-sur-les-bsa-air\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.agilit.law\/en\/"},{"@type":"ListItem","position":2,"name":"Start up : Ce que vous devez savoir sur les BSA AIR"}]},{"@type":"WebSite","@id":"https:\/\/www.agilit.law\/#website","url":"https:\/\/www.agilit.law\/","name":"AGIL&#039;IT","description":"Make things simple","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.agilit.law\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.agilit.law\/#\/schema\/person\/5b6d14f687721f704018b8ac23c2248d","name":"Salom\u00e9 Garlandat","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.agilit.law\/#\/schema\/person\/image\/67098f80eb591719ae3cc14b61cb4f5f","url":"https:\/\/secure.gravatar.com\/avatar\/364457a6b49dde4aca82456fb0441113?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/364457a6b49dde4aca82456fb0441113?s=96&d=mm&r=g","caption":"Salom\u00e9 Garlandat"},"url":"https:\/\/www.agilit.law\/en\/author\/salome\/"}]}},"_links":{"self":[{"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/posts\/9872"}],"collection":[{"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/comments?post=9872"}],"version-history":[{"count":1,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/posts\/9872\/revisions"}],"predecessor-version":[{"id":9873,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/posts\/9872\/revisions\/9873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/media\/9263"}],"wp:attachment":[{"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/media?parent=9872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/categories?post=9872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/tags?post=9872"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.agilit.law\/en\/wp-json\/wp\/v2\/coauthors?post=9872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}