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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. 

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. 

Ready to embark on your adventure as a self-employed entrepreneur?

Since many years Partena Professional has devoted all the attention required to the protection of privacy with regard to the processing of personal data, whether under the law of 8 December 1992 or since 25/05/2018 under the European Regulation 2016/679 of 27 April 2016 better known as GDPR.

Partena Professional and EasyPay GROUP have entered into a technology partnership to deliver payroll services to the interim sector in Belgium.

Your statutory pension is a great first step, but let’s be honest: it doesn't guarantee you the standard of living you aspire to when you retire. Financed by social security contributions, it’s often lower than the pension of an employee.  

The primary goal of an SComm (Société en commandite) is realising a common, social goal through certain economic and social activities, maximising profit in the process. The difference in this business type now is that the social angle is an absolute requirement. 

Want to call it a day? Or to take things a bit easier after an illness or accident? Are you dreaming of taking a new direction and setting up a different business? If you decide to sell your business, it boils down to preparing thoroughly: from the administrative, employment legislation and mental viewpoint.