What’s an SRL?

The SRL (société à responsabilité limitée) is a popular business type in Belgium. The most important characteristic of an SRL is the limited liability of shareholders. This means that, in case of bankruptcy, creditors will only be able to make a claim to the company assets – not the personal capital of shareholders. 

Who should consider an SRL? 

An SRL is perfect for entrepreneurs who want to protect their personal assets from potential company debt. The shares of an SRL are flexible and can, under certain conditions, be transferred. 

What are the benefits of an SRL? 

  • Limited liability: shareholders are only liable up to the amount of their contribution to the company. 
  • No minimum capital required: to start an SRL, you don’t need a certain amount in the bank. 
  • Flexibility: the SRL offers heaps of flexibility in terms of capital contribution and transferability of shares. Different types of shares can be issued with different voting and capital rights.  
  • One person will suffice to start an SRL. 

What are the downsides to an SRL? 

  • Joint and several liability of directors: although limited to a certain maximum amount, directors can still be held liable, especially in the case of serious errors or fraud.  
  • Detailed financial plan: because there isn’t start-up capital, you need a detailed financial plan. 

How do I start an SRL with Partena? 

Do you want to start an SRL with Partena Professional’s help? Great, we’ll request your business number and register your brand-new business at the Crossroads Bank for Enterprises (CBE). Do you also need a VAT number? We’ll take care of that, too, just like your membership to a social insurance fund.  

You don’t need a minimum amount in the bank to start an SRL. The partners’ contribution is what becomes the company’s equity. That contribution can be both financial and in the form of goods, knowledge or labour. The financial plan needs to be very detailed, though. Your SRL’s profit is taxed according to company tax regulations. 

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More information about starting an SRL?

Book an appointment at one of our offices or take care of it online via Smart Start Online.