How to Start a Company in the Netherlands

The Netherlands is a top business destination in Europe. Its connectivity, high quality of life, business ecosystem and access to talented workforce from around Europe make it a prime location for investors looking to open a company. Regardless of the chosen business field, starting a business in Netherlands is a straightforward process that will involve a few administrative procedures.

Amsterdam

The process can be reduced to a few key steps, which are briefly detailed below.

1. Choose a business structure

Once you have your business plan ready, it is time to choose a suitable business structure. This is an important decision because the chosen legal form will influence the degree of liability for the founders of the company and will require a certain minimum share capital.…

Continue reading

To Partner or Not Partner? That is the Question…

When someone starts a new business, one of the first decisions to make is whether or not to form a sole proprietorship or partnership. Partnerships alter the legal structure of the business, taxes and relationships in ways you must consider before you simply assume the best solution is dividing ownership of the business.

To partner or not partner? Shakespeare meme

There are pros and cons of bringing in others as partners instead of hiring them as employees or receiving loans instead of giving away equity.

Paperwork

It is easier to create a general partnership than form a corporation. The biggest risk this creates is personal liability. A corporation is a separate legal entity that has to have its own financial accounts and takes on the financial and legal liabilities of the company.…

Continue reading

Options For Handling Personal Debt Before Starting a Business

There are going to be times when people have a great idea to start a business, but still have some financial baggage in their personal monetary history. The question that hits: is it possible to start a new business while being privately in debt? The answer is – it depends. But, at the very least, having a goal for the personal debt is a must before you get too far into the details of your new business venture.

Paying personal debt

So to begin looking at your options overall, consider things like debt consolidation, taking out personal loans, talking to the SBA, getting angel investors on board, and using crowdfunding and crowdsourcing as a modern resource.…

Continue reading