A BV (private limited company) is a legal form with it's own legal personality. This means that, in principle, you as a director are not liable with your private assets for any debts. This is different with a sole proprietorship.
What is a BV and when do I change legal forms?
Op deze pagina:
Considerations: consultation with your Bookie
Preparation: work by The Bookie
Preparation Entrepreneur: contact with the notary
Incorporation B.V.: finetuning between you, The Bookie and the notary
After incorporating B.V.: work for The Bookie
Considerations starting or stopping: consultation with your Bookie
If you are a client of The Bookie with your sole proprietorship and you are considering changing to a private limited company, we advise you to first meet with your Bookie. During a consultation you will look at:
- what your considerations are
- if it has more advantages compared to your sole proprietorship
If you know that you want to set up a BV we go through a number of steps to ensure that it goes as smoothly as possible. What we need from you is:
-
The structure: will you only set up an operating company or will there also be a holding company?
-
Declaration of consent to communicate directly with the notary
-
The name of your BV to be incorporated
-
Are there any other shareholders besides you and if so, who are they and what is their role?
Terms and deadlines: when to incorporate?
The incorporation of a BV can always be set back by 3 months. So you can still incorporate a BV in March with an effective date of January 1 of that year. However, you can incorporate the following year until March with retroactive effect as of 2023.
Are you planning to establish a BV this coming year? Then you can bring in your sole proprietorship without reorganization before September 30 by submitting an intention to the Tax Authorities. This intention is not binding.
Preparation: work by The Bookie
In order to establish a limited liability company, a number of documents are required. These include your contribution description. There are also a number of mandatory notifications to the Tax Office.
The cost for this is €500, provided there are no strange discrepancies. This usually appears during the first consultation.
Preparation entrepreneur: contact with the notary
Some entrepreneurs have their own notary with whom they want to work. If you do not yet have a notary, we will help you by requesting a quote (following your wishes during your consultation).
Time frame for establishing B.V.: finetuning between 3 parties
- The Bookie sends the contribution description to the notary. Usually there are questions about this. Once everything is clear, The Bookie sends a new draft to the notary.
-
If the final version is approved by the notary, then the notary sends everything to you as founder.
-
You sign the documents and send everything to the notary, with us in the cc.
-
The notary schedules an appointment for the incorporation of your new B.V. with you
-
Your B.V. is incorporated and you drink champagne or crodino
-
After this you receive the deed(s) of incorporation, which your Bookies need to make it official with the Tax Authorities. You send these by mail to your Bookies.
After incorporation: activities of The Bookie
If we do the bookkeeping of your B.V. we do more than for your sole proprietorship. That means that in addition to the VAT returns, annual figures and income tax return, we also do your payroll administration, corporate tax return and dividing (if necessary).