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the type of company to form. Here you can see the
Dutch names (and their English translations) of a selection
of different types of company, and some of the pros and
cons (voor en tegen) of each type.
Site to consult
http://www.kvk.nl and click on English.
Then click on ''paper work' and then 'Legal Forms'.
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Answer the following questions. For information on NV
look under: 'Liability of different legal forms'
1. Sole Trader
· Give the Dutch translation of “Sole Trader”
· How much of the profits are you entitled to keep as a
sole trader?
· Do you get ANY tax concessions as a S.T?
· What can happen if you don’t pay your bills as a ST?
· When you are a ST, why is it advisable to get married
on the basis of a marriage contract?
2. Equal Partnership
. What do we call this form of company in Dutch?
· In an equal partnership, how is the capital divided?
· When entering into an equal partnership, what is the
advice given about a contract?
. Explain why in a equal partnership tax is not charged
on just one whole lump sum of capital.
3. Vennootschap onder Firma (VOF)
· What is the English translation of this form of company?
· How does the tax authorities see when it comes to tax
allowances?
· If the company goes broke, can creditors claim the
personal money of the partners? Explain.
4. Besloten Vennootschap (BV)
. What is the English translation of BV?
· You decide to register as a BV. How much capital do you
have to have?
· Is the capital left in one lump sum? Explain.
5. Naamloze Vennootschap (NV)
· What is the English translation of NV?
· Why is this form never chosen by starting entrepreneurs?