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Actions and procedures when you close down your business

Is one of your employees nearing the end of their career and seeking to reduce their workload in the run-up to their retirement? That's a viable option with the special 'end-of-career time credit’ system.

Compensating for your employees' travel expenses Do your employees make use of public transport to get to and from work? Then you are legally obligated to compensate them for their travel expenses.  

Do you have an idea, the drive to do business or the skills? Thanks to our expertise, your dreams come true. Rely on our professional coaching that guides you step by step. Start your business with peace of mind.

As a self-employed person, you must pay social contributions to your social insurance fund. In return, you receive some social rights and benefits (legal pension, healthcare, child allowance, bridging rights, etc.) But how are social contributions calculated? On what criteria is the calculation based? We explain it all here. 

“Our expertise lies in providing interfaces between different IT systems, and consequently in the integration and transformation of the data and protocols used by these systems,” Alain Kunnen explains, introducing Satisco, the IT company he founded in 2005 and has been managing since then.

Which provisions apply to your employees' pensions? Is one of your employees entering retirement? Nothing to worry about, so long as you respect the provisions of the pension. Employee pension conditions You grant a retirement pension to employees who:

A sole proprietorship is a business type in which one person carries full responsibility for the business. There is no distinction between the personal and business assets. In a sole proprietorship, the entrepreneur decides everything independently. Many obligations are cancelled out in this company format.

A non-profit is a group of at least three natural people or legal entities who selflessly pursue a common goal. That means that the members of the non-profit cannot get any material benefits out of the operations. The common project is laid down in the organisation’s founding principles: the so-called statutes. 

A general partnership is a legal entity. It’s the least regulated and simplest business type. To set up a general partnership, you don’t need to visit a notary or publish a financial statement, nor do you need a financial plan. As a partner, you are unlimitedly liable in case of company debt, though, which means your private assets aren’t protected.