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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. 

Human resources is much more than managing personnel administration. Thus, finding talent remains quite a challenge for many companies. Not to mention retaining increasingly demanding talent. A well-defined HR strategy is necessary to meet all these challenges. 

As a self-employed person, you must pay social contributions to your social insurance fund. But when exactly do you have to pay? And what are the consequences if you have payment arrears? Read all about it here.