The choice influences taxes, liability and administration. That is why it is worth thinking about it calmly before registering your company.
Sole proprietorship
Simple, flexible and often the cheapest option at the beginning. Ideal for freelancers and smaller activities.
- low start-up costs
- limited paperwork
- quick decision-making
Downside: you are personally liable for business debts.
BV (private limited company)
A BV is a separate legal entity. It offers better protection of your private assets and is attractive for growing businesses.
- clear separation between private and business finances
- easier to attract partners or investors
- more possibilities for tax planning
However, formation costs and administrative duties are higher.
Partnerships
Some entrepreneurs start in partnership with others. There are several forms, each with specific rules on liability and management.
Good agreements are essential from the start.
Non-profit association (vzw)
Suitable when the main goal is not profit but social, cultural or community activities.
A vzw still has obligations and must be managed carefully.
Which structure is right for you?
The answer depends on several factors:
- expected turnover and profit
- level of business risk
- whether you work alone or with partners
- long-term growth plans
My advice
Do not choose purely on the basis of what friends or colleagues use. Your situation may be very different.
During a consultation, we discuss:
- which structure fits your goals
- what the tax consequences are
- how to limit personal risk
- how to switch later if necessary