BV Enterprise (LTD.)
Taxation is a difficult matter for many entrepreneurs and private individuals, while there are so many opportunities for the entrepreneur and the BV. Of course you know that you do not file an incorrect tax return, apply prohibited tax constructions or keep a sloppy administration. When you delve into tax matters, or receive expert tax advice on tax regulations and laws, there are important benefits to be gained and you are protected against sanctions, fines, legal proceedings and the like.
Our reliable expert tax specialists, who all have years of experience, see every opportunity. We turn these opportunities into benefits for our customers and protect them. Often this has immediate results, so that the financial position improves. All our tax specialists have years of experience and the mr. title.
What is a private limited company (LTD.) or BV?
A private limited company, or a BV, is a legal entity. Because the BV itself is a legal entity, the tax authorities consider the BV as an entrepreneur. In the case of a BV, the shareholders are not privately liable. The shareholders are only liable for the amount invested in the company. This is therefore seen as a great advantage for choosing this legal form. If financing from a bank is necessary, it may be that a bank requires that a private person sign on the required documentation. The bank does this to prevent only it from bearing the risk.
Obligations private limited company BV
The establishment of a BV, a notarial deed is required. When drawing up this deed, the articles of association or the internal rules of the BV are established. The following matters are included in the articles of association:
- The purpose of the BV;
- Activities of the BV;
- The powers of the management; and
- The amount and different types of shares of the BV.
Establishment of a private limited company
When a BV is established, the UBOs must be registered. These are the "Ultimate Beneficial Owners". Think, for example, of people who have more than 25% interest in the company. A UBO is always a natural person and not a legal entity. These persons must be registered in the UBO register of the Chamber of Commerce.
Companies are often advised to set up a second BV.
Annual accounts are also required every year. Within the BV there are two compulsory bodies. These are the board and the shareholders. The day-to-day management is arranged by the board. The direction of the company is determined by the shareholders.
When is a BV cheaper than a sole proprietorship?
If you look purely at the taxes and do not take into account the liability, a BV is usually more interesting than a sole proprietorship from a turnover of € 150,000. Corporate income tax is often cheaper from € 150,000 than income tax including deductions for a sole proprietorship, partnership or VOF. With a turnover below € 150,000, a sole proprietorship is usually cheaper. Keep in mind that there are exceptions and that this is purely about the tax aspect and that liability is not taken into account here.
Legal form and taxation
When you start and your company makes relatively little profit, a sole proprietorship, VOF or partnership is often the most advantageous for tax purposes. There is a self-employed deduction and there is no obligation to have annual accounts, which entails the necessary costs.
A BV or NV does have this obligation to provide annual accounts. A notarial deed is also required upon incorporation. A BV has higher costs but a lower tax burden than a sole proprietorship, partnership or VOF.
Choosing the right legal form
Choosing the right legal form is a difficult matter for many entrepreneurs and private individuals. Partly due to our expert tax specialists, who all have years of experience (all tax specialists years of experience and mr. title), we see all the possibilities. We turn these opportunities into benefits for our customers and protect them. Choosing the right legal form is an easy task for us.
Questions from entrepreneurs about the
BV Below are questions that we regularly receive from entrepreneurs who own or are part of a BV.
- What are the tax rules for a BV?
- When is it fiscally worthwhile for my company to choose a BV as its legal form?
- How much is the dividend withholding tax for a BV?
- What is the tax burden at a BV?
- Which costs can be regarded as operating expenses for a BV?
- How do I value the assets and debts on the balance sheet?
- Can I depreciate on assets?
- Do I receive tax concessions if I invest in assets at a BV?
- Can I give my employees tax-free expense allowances?
- Am I entitled to a salary at the BV?
- Can my wife or children be on the payroll of the BV?
- What is most advantageous for me; Driving in a company car or in private?
- What is the best way to invest; in private or via the BV?
- Is it better to opt for a BV or a Holding structure?
- What are the tax consequences if I rent out real estate to the BV?
- What are the tax consequences if I lend money to the BV?
- What are the tax consequences when selling the company or when selling the shares in the BV and what is the most advantageous route for tax purposes?
- What are the tax consequences in the event of the death of the entrepreneur or in the event of a divorce BV?
Our tax specialists are asked many other tax questions and issues than the above concerning the BV. You can also submit all these questions to us. We provide clarity and solve your tax issue or question.
Why a tax specialist from AGA Fiscalisten at a BV?
AGA Fiscalisten stands for high-quality expert tax advice. All our tax specialists are senior tax specialists, have years of tax experience, and have graduated from the university in tax law and hold the title "mr.".
A (senior) tax specialist specializes in tax law while a tax advisor has only completed tax courses. A tax advisor has much less knowledge than a tax specialist and often makes mistakes with potentially significant financial consequences. It is wise not to settle for a non-qualified tax advisor, but to engage an expert senior tax specialist. This way you avoid problems, fines or procedures and you do not miss out on tax benefits due to advice that is not sufficiently expert.
High quality tax specialist; Master title mr. and years of experience
All our tax specialists have years of tax experience and the "mr." title. The most recent developments and changes concern taxation and all relevant legislation is studied and discussed by our tax specialists. This gives us the opportunity to clarify all the problems and issues about taxation. We achieve the best possible result for our customers. Tax advice, tax returns, financial advice, legal advice or discussion partner, AGA Fiscalisten will arrange it for you!
Contact AGA Fiscalisten
The tax specialists of AGA Fiscalisten can do a lot for you, from an answer or advice to your tax questions to guidance throughout the entire process. If you have any questions or issues and would like high-quality tax advice, please contact one of our expert experienced tax specialists for an intake interview free of charge and without obligation.
NEED TAX ADVICE?
Call: 040-8489888 1st free and non-binding intake interview. Available by phone: Monday to Friday between 09.00h and 20.00h) We can also be reached by e-mail: info@agafiscalisten.nl or via the contact form on the right side of our website.
MORE INFORMATION
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AGA Fiscalisten: BV Enterprise and our other services
AGA Fiscalisten has the expertise and experience to fully clarify complex tax issues. AGA Fiscalisten provides the most balanced solution and is at your service regarding:
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- And so much more...
