Private limited company
The private limited company (BV, besloten vennootschap in Dutch) is suitable for businesses that make a considerable profit. The requirements for starting up a BV are more stringent. For example, a notarial deed is required for the setting up of a company. The BV has advantages compared with sole proprietorship in the field of (limited) liability and fiscal advantages in the event of high profits.
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Discipline specific
Who is involved?
A BV has shareholders and personnel. The director is employed by the BV and acts on its behalf. The shareholders are the boss. A BV need not consist of several persons: one person can be the sole shareholder and the only personnel member: the director.
Who disposes of the capital?
A BV is a company in which the capital is divided into shares. The shares are in the hands of the shareholder(s).
The BV in the theatre world
The BV is used by theatre makers with a high turnover. For tax purposes it is then often advantageous to operate from a BV. In that case the fact that the criteria for establishing a BV are fairly demanding and cost more than sole proprietorship is of lesser importance.